As President-elect Donald Trump prepares to take office, the tide is turning against the radical climate agenda. Several major U.S. banks, including Morgan Stanley and Citigroup, have boldly pulled out of the UN-backed Net Zero Banking Alliance (NZBA), sending a clear message about the overreach of global climate policies.
The NZBA, which aimed to force financial institutions to align with a net-zero emissions target by 2050, has come under heavy fire from conservatives who view it as yet another example of government-backed corporate overreach. These financial giants are pushing back, unwilling to bow to the pressure of climate zealots and globalist initiatives that undermine American economic interests.
Morgan Stanley, Citigroup, and Bank of America are the latest to exit the NZBA, following in the footsteps of Goldman Sachs and Wells Fargo. While these banks still express their commitment to reducing emissions, they have made it clear that they won’t be part of a political movement that undermines the U.S. economy in favor of a misguided global agenda.
This mass exodus is a win for financial autonomy. The NZBA, which once boasted over 140 member banks across 44 countries, now has just four U.S. banks remaining. It’s a clear indication that American financial institutions are waking up to the dangers of sacrificing their independence to satisfy a left-wing climate agenda. As the U.S. looks toward the future, it’s time to put America first—and that means protecting our businesses from political overreach.
Sources:
https://finance.yahoo.com/news/bank-america-citigroup-morgan-stanley-130000769.html
https://www.americanbanker.com/news/morgan-stanley-is-latest-to-leave-climate-banking-group
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