A global effort by central banks to join the fight against climate change has hit a major hurdle with the U.S. Federal Reserve's decision to leave a club devoted to policing environmental risk in finance.

The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”

The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement,

Trump’s day-one actions on energy come as climate change-fueled fires ravage Southern California, following the globe’s hottest year on record.

The Federal Reserve announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which incorporated climate risk into financial rules.

The Federal Reserve is withdrawing from an environmental group for global central bankers. The Fed joined the group, the Network of Central Banks and Supervisors for Greening the Financial System, in

The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how regulation of the financial system could help combat climate change. The Fed's membership has been criticized by Republicans in Congress.

The Federal Reserve's withdrawal from an international climate initiative highlights a shift in U.S. policy towards environmental regulations.

The Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement, th

The Federal Reserve said on Friday that it will quit a group dedicated to addressing the risk climate change poses to the global financial system. Why it matters: The Fed's exit from the coalition suggests a huge pivot underway relative to years past.

As college students (one from Minas Gerais, Brazil, the other from California), we were excited to be part of the global youth team designing this curriculum. Our generation has grown up knowing that our planet is suffering under the intense duress of climate change.

The central bank joined the group in 2020. The exit comes three days before President-elect Donald Trump, who is critical of efforts by governments to prescribe climate change policies ...