Federal Reserve, BlackRock retreat from climate coalitions as economic realities take precedence
In a striking shift, major financial institutions and corporations are stepping back from ambitious climate commitments, signaling a growing recognition of the economic costs and impracticalities of such policies. The U.S. Federal Reserve’s withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) and BlackRock’s exit from the Net Zero […]