GOP AGs’ New Target: Big US Banks’ ‘Alliance’ To UN Climate Requirements

Arizona Attorney General Mark Brnovich and 18 other attorneys general served six of the largest U.S  banks with civil investigative demands.

  • The attorneys general are asking for documents related to the banks’ involvement with the United Nations’ Net-Zero Banking Alliance, which requires member banks to set emissions reduction targets in their lending and investment portfolios to reach net zero by 2050.
  • “American banks should never put political agendas ahead of the secure retirement of their clients,” Brnovich said. “These financial institutions are entrusted with protecting a different type of green.”
  • Republican attorneys general gave increasingly used their collective strength to challenge numerous issues that they consider out of life with U.S. domestic and foreign policy – and moreover illegal – including court challenges to the Biden administration’s pandemic-related mandates and more recently its student-loan forgiveness program.
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