Episode 1729 • • 1:10:42 - 1:15:30
1729: Algo Chasers
Net Zero Banking Alliance, ESG Backlash, and Trump 2.0
Major American financial institutions, including Goldman Sachs, Citigroup, and JP Morgan Chase, have withdrawn from the Net Zero Banking Alliance. Analysts suggest these banks are retreating from ESG (Environmental, Social, and Governance) commitments due to political pressure and the "fear of Trump 2.0." While European banks continue to pursue net-zero goals, the hosts argue that the U.S. is shifting back toward fossil fuels to secure cheaper energy.