In the lead-up to Donald Trump's second presidency, major U.S. banks abandoned climate action networks amid political pressure, signaling a stark shift in corporate commitment to green initiatives.
The exodus from climate action groups by banks and asset managers follows years of political and legal pressure, highlighting the climate groups' growing unpopularity among some Republican lawmakers.
These departures from climate initiatives exemplify how business leaders are increasingly cautious about their affiliations, especially with a Trump administration that is openly critical of climate change policies.
The change in political climate has made it risky for CEOs of large financial institutions to remain in climate action alliances with increasing fears of litigation and backlash.
Collection
[
|
...
]