Investment

Major climate group suspends operations

An alliance of financiers with over US$57.5 trillion in assets has bowed to US political pressure and hit pause after the exit of the world's largest asset manager, BlackRock.

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Read more: NZAM,  BlackRock,  Aman Ramrakha,  Bank of America,  California,  Citigroup,  Donald Trump,  Glasgow Financial Alliance for Net Zero,  Helen Lees-Jones,  Morgan Stanley,  Net Zero Asset Managers,  Net Zero Banking Alliance,  Philipp Hildebrand,  Rainmaker Group,  State Street,  US Environmental Protection Agency,  Vanguard