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Wells Fargo Abandons Net Zero Targets Amid Wall Street Retreat

Summary by Bloomberg
Wells Fargo & Co. has formally abandoned its net zero commitment, marking a major reversal from a key climate objective.

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Wells Fargo Abandons Net Zero Targets Amid Wall Street Retreat

Wells Fargo & Co. has formally abandoned its net zero commitment, marking a major reversal from a key climate objective.

·United States
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Legal NewslineLegal Newsline

Wells Fargo drops net-zero goal after Texas AG's review

Wells Fargo has decided to abandon its net-zero emissions target for financed emissions by 2050, a move welcomed by Attorney General Paxton. The decision followed a review initiated by Paxton to investigate whether the bank was boycotting energy companies, particularly those in the oil and gas sector.Recently, Wells Fargo also withdrew from the Net-Zero Banking Alliance. This group has been described by critics as having an agenda that could com…

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Legal Newsline broke the news in on Friday, February 28, 2025.
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