Macquarie’s Bold Move Signals Wall Street’s Growing Disconnect with Climate Finance

In a striking shift that could reshape the landscape of climate finance, Macquarie Group Ltd., the renowned Australian investment bank, has decided to withdraw from a prestigious consortium known as the “Banking Climate Club.” This elite coalition, originally established to steer financial practices toward more sustainable and environmentally friendly goals, has seen its membership dwindle as several major Wall Street firms have opted to exit in recent months.

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