Morgan Stanley is leaving the Net-Zero Banking Alliance, the lender said in an email on Thursday. Citigroup Inc. and Bank of America Corp. (BofA) earlier this week said in a statement that they were doing the same.Wall Street firms have come under attack from Republican politicians who have lambasted their climate efforts, launched investigations and even filed lawsuits to target what they characterise as "woke" capitalism. In November, Texas led a move to sue BlackRock Inc., Vanguard Group Inc. and State Street Corp. for allegedly breaching antitrust laws by using climate-friendly investment strategies to suppress the supply of coal.NZBA coordinates its work with the Glasgow Financial Alliance for Net Zero, which is backed by the United Nations. GFANZ said earlier this week it's making changes that will "redouble its efforts to mobilize private capital" and support the energy transition.

Morgan Stanley quits climate group

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.