Big banks abandoned a voluntary climate alliance. Now, critics are calling for new laws.

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Big banks abandoned a voluntary climate alliance. Now, critics are calling for new laws.

In the lead-up to Inauguration Day, all six of the United States’ largest banks backed away from a United Nations-sponsored climate initiative amid attacks from conservative lawmakers and regulators.   Bank of America, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley, and Wells Fargo left the Net Zero Banking Alliance between December and January in what was perceived to be a concession to right-wing criticism of so-called ESG — decision-maki…