The US could be in the very early stages of recovery after a decade of toxic ESG and Net Zero initiatives, widely criticized as one of the biggest financial and ideological blunders in a generation. Wall Street firms increasingly recognize that the "woke capitalism" era in corporate America will come to an abrupt end under Trump 2.0.
Bloomberg reports that Morgan Stanley is the latest Wall Street firm to abandon the Net-Zero Banking Alliance (NZBA), a group of banks worldwide that push woke climate initiatives.
Morgan Stanley's exit comes after Wells Fargo and Goldman Sachs left NZBA early last month.
"Another ESG rat jumps ship," Steve Milloy, a lawyer who served under Trump 1.0, wrote on X.
The US could be in the very early stages of recovery after a decade of toxic ESG and Net Zero initiatives, widely criticized as one of the biggest financial and ideological blunders in a generation. Wall Street firms increasingly recognize that the "woke capitalism" era in corporate America will come to an abrupt end under Trump 2.0.
Bloomberg reports that Morgan Stanley is the latest Wall Street firm to abandon the Net-Zero Banking Alliance (NZBA), a group of banks worldwide that push woke climate initiatives.
Morgan Stanley's exit comes after Wells Fargo and Goldman Sachs left NZBA early last month.
"Another ESG rat jumps ship," Steve Milloy, a lawyer who served under Trump 1.0, wrote on X.