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JPMorgan Quits Net-Zero Banking Alliance; 3 US Banks Remain Members

  • J.P. Morgan Chase has become the sixth bank to quit the Net-Zero Banking Alliance since December.
  • The bank follows Citigroup, Bank of America, Goldman Sachs, Wells Fargo, and Morgan Stanley.
  • J.P. Morgan will continue working independently to advance low-carbon technologies and energy security.
  • The Net-Zero Banking Alliance now has three remaining U.S. members: Amalgamated Bank, Areti Bank, and Climate First Bank.

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