Citigroup says it’s leaving global climate-banking alliance


Citigroup said while it remains committed to achieving net-zero emissions, it’s exiting the Net-Zero Banking Alliance. —Bloomberg

NEW YORK: Citigroup Inc and Bank of America Corp say they’re leaving a global climate-banking group, becoming the latest Wall Street lenders to exit the coalition in the past month.

In a statement, Citigroup said while it remains committed to achieving net-zero emissions, it’s exiting the Net-Zero Banking Alliance (NZBA).

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