Major American banks are fleeing an international agreement to align their lending and investments with the goal of reaching net zero carbon emissions by 2050, in what some analysts see as a political ...

Trump’s vows to deregulate the energy sector, dismantle environmental rules and “drill, baby, drill,” were a big part of his ...

Canada’s largest banks may be the next group to walk away from the industry’s biggest climate-finance alliance.

Canada’s largest banks may be the next group to walk away from the industry’s biggest climate-finance alliance.

Is the UN-convened initiative dead in the water, or is the departure by US lenders an opportunity to strengthen the climate ...

Bank of America Corp.'s stock is up more than 2% after a UBS upgrade to buy from neutral, as it outperforms its peers on Tuesday. JPMorgan Chase & Co. is up 1.5%, Wells Fargo & Co is ahead by 0.8%, ...

From Goldman Sachs to Morgan Stanley, the largest banks in the U.S. announced departures from an international climate group ...

Larry Fink had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon ...

The financial sector appears to be getting cold feet about efforts to curb the effects of climate change. Five of the six ...

JPMorgan Chase & Co. is leaving a major climate finance group, becoming the last of Wall Street’s biggest banks to walk away.

JPMorgan said on Tuesday it was leaving the Net-Zero Banking Alliance, the latest U.S. lender to quit the sector's biggest ...