AllianceBernstein Follows Pimco, JPMorgan in Quitting Green Club

AllianceBernstein Holding LP is no longer a member of Climate Action 100+, as it follows the asset management arm of JPMorgan Chase & Co. and Pacific Investment Management Co. in walking away from the world’s largest alliance through which investors can fight global warming.

AllianceBernstein left the group in May, the asset manager told Bloomberg on Monday, without elaborating.