(The Center Square) – Six major banks will be investigated by 19 state attorneys general for adhering to a United Nations’ organizational goal of eliminating carbon emissions by 2050.
Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo were served civil investigative demands seeking documents related to membership in the Net-Zero Banking Alliance (NZBA). However, three other U.S. banks listed as members of the NZBA – Amalgamated Bank, Blue Ridge Bank, Climate First Bank – were not mentioned in the media release as being served in the investigation.
Arizona, Kentucky, Missouri and Texas are leading the investigation. Other states in the investigation are Arkansas, Indiana, Kansas, Louisiana, Mississippi, Montana, Nebraska, Oklahoma, Tennessee and Virginia. Five other states have joined but can’t be named due to state laws or regulations regarding confidentiality.
