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Morgan Stanley to exit global climate coalition

  • Morgan Stanley has announced its exit from the Net-Zero Banking Alliance, joining other major U.S. Banks in this decision.
  • The bank did not provide a reason for its departure, but it continues to support its net-zero carbon emissions goals.
  • Morgan Stanley stated its commitment to help clients with decarbonization efforts remains unchanged despite leaving the alliance.
  • The withdrawal of U.S. Banks from the alliance occurs amid rising opposition to environmental, social, and governance measures in the political landscape.
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