JPMorgan Chase & Co. is the latest major financial institution to leave the Net-Zero Banking Alliance.
On Jan. 7, the New York-based financial services company confirmed in a statement its departure from the United Nations-backed alliance.
“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 JPMorgan 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.”…