Macquarie first Aussie bank to quit global climate alliance

Macquarie first Aussie bank to quit global climate alliance

Macquarie is quitting the world’s biggest climate banking alliance, becoming the first major Australian financial institution to withdraw since Donald Trump’s return to the While House.

Macquarie exits green banking alliance in first for local lenders

The company, in a brief statement, said it would follow JPMorgan, Citi and Bank of America out of the Net Zero Banking Alliance after the election of Donald Trump.

“War on woke banks:” Macquarie joins mass exit from net zero alliance. Will Australia’s Big Four follow suit?

Two of the five Australian banks remaining in the Net Zero Bank Alliance are sending mixed signals about their future involvement after Macquarie pulled out.

Escape from Green: the Macquarie group also leaves the Green Alliance. “Trump effect” - Economic Scenarios

M acquarie Group Ltd., a leading supporter of global renewable energy and green investing , joined U.S. banks and beyond in abandoning the major climate finance industry alliance. Sydney-based Macquarie follows in the footsteps of other firms such as Goldman Sachs Group Inc. , Morgan Stanley and JPMorgan Chase & Co. , which have left the Net-Zero Banking Alliance , which had asked members to ensure financed issuance was aligned with “pathways to…

Trump effect spreads: The first Australian bank abandons the Climate Banker Club sending “shockwaves” « JoNova

By Jo Nova If it was the end of a Big Green Bubble, it would look a lot like this… Australia is still launching itself to Net Zero Land at the top of the Magic Faraway Tree. There was no election in Australia, and no change to the green policies. Yet, a month after the US banks quietly peeled themselves away from the Globalist Banker Blob, the first Australian bank starts backing away slowly too. They don’t explain why in any convincing fashion.