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The Latest Breaking News from NZBA

Banks backtracked on climate pledges last year, handing €750bn to fossil fuel firms

In total, banks have financed fossil fuels to the tune of €6.9 trillion since the Paris Agreement was signed.

Euronews

HSBC net zero goal delayed 20 years, as CEO offered 600% bonus

Bank is criticised for pushing climate targets to 2050 and watering down environmental goals

The Guardian - UK

Major banks are abandoning their climate alliance en masse. So much for ‘woke capital’

The scope of the Cop26 net zero banking alliance may have been limited, but the exodus of six US banks signifies a seismic political shift, says senior research fellow Adrienne Buller

The Guardian - UK

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Six big US banks quit net zero alliance before Trump inauguration

Exodus from target-setting group is attempt to head off ‘anti-woke’ attacks from rightwing politicians, say analysts

The Guardian - UK

Wall Street bails on climate coalition

Goldman Sachs, Wells Fargo, Morgan Stanley, Citi and Bank of America all left the Net-Zero Banking Alliance

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