Internal tensions are rising within the Net-Zero Banking Alliance, an offshoot of the Glasgow Financial Alliance for Net Zero, as transition-focused members get annoyed that less conscientious ones are being allowed to continue financing oil and gas. According to a Bloomberg report, the Net-Zero Banking Alliance’s leadership made concessions to Wall Street banks in order to keep them on board and that made other banks, which had made ambitious emission pledges angry. One of the latter, a German lender called GLS Bank, had already left the…
