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JPMorgan says to leave the Net-Zero Banking Alliance
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JPMorgan says to leave the Net-Zero Banking Alliance
Jan 7, 2025 5:48 AM

LONDON, Jan 7 (Reuters) - JPMorgan ( JPM ) said on

Tuesday it had decided to leave the Net-Zero Banking Alliance,

the latest exit from the sector's biggest climate coalition amid

rising U.S. political pressure.

"We will continue to work independently to advance the

interests of our Firm, our shareholders and our clients and

remain focused on pragmatic solutions to help further low-carbon

technologies while advancing energy security," a company

spokesperson said in a statement.

"We will also continue to support the banking and investment

needs of our clients who are engaged in energy transition and in

decarbonizing different sectors of the economy."

Goldman Sachs ( GS ) quit the alliance in December.

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