Six of the nation’s largest banks have joined in the “Net-Zero Banking Alliance” (NZBA) to “transition all operational and attributable GHG (Green House Gas) emissions from our lending and investment portfolios to align with pathways to net-zero by mid-century, or sooner.”

Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo have created a pact initiated by the United Nation’s policy forcing agriculture producers to a net-zero emissions standard by 2050 or sooner.

These six banks “collectively represent 41% of global banking assets,” states ten Congressional leaders led by Rep. Mary Miller, R-Ill, in a letter sent February 21, 2024.

The NZBA was organized by the United Nations to create a global alliance of financial institutions “committed to financing ambitious climate action” and transition the economy to net-zero GHG emissions by 2050, with the additional goal of “designing, setting, and achieving” science-based net zero targets by 2030 or sooner!