Morgan Stanley Vows "Net-Zero Financed Emissions" by 2050

Morgan Stanley Vows "Net-Zero Financed Emissions" by 2050

Morgan Stanley (NYSE: MS) has become the first major U.S. bank to commit to achieving "net-zero financed emissions" by 2050. Morgan Stanley has financed nearly $92 billion to the fossil fuel industry over the past four years, according to a report from the Rainforest Action Network . Pressure has been mounting on banks to do more to combat climate change.