LONDON (Reuters) – JPMorgan 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 quit the alliance in December.
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