
"Major Wall Street Firms Withdraw from UN Climate Alliance, Impact Explained"
Several major Wall Street firms, including JPMorgan, State Street, and Pimco, have recently withdrawn from the Climate Action 100+ coalition, signaling a shift in their environmental commitments. This move follows a trend of financial giants scaling back their climate pledges, partly due to Republican criticism and concerns about legal risks. The retreat highlights the challenges faced by businesses in fulfilling their promises to address climate change, with some experts suggesting that previous commitments may have been more symbolic than substantive.


