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Wells Fargo plans to put $200 billion toward investment in, and finance of, companies and projects involved with clean technologies, renewable energy, green bonds and alternative transportation, by 2030. The funds will also go toward companies and projects focused on sustainable agriculture, recycling, conservation and other environmental activities, as part of a company-wide effort to support - and be part of - the transition to a low-carbon economy

Ahead of the UN 2015 Paris Climate Conference (COP21), Morgan Stanley and Wells Fargo became the latest major banks to pledge to eliminate their support for the coal industry in support of reducing carbon pollution associated with the industry. Morgan Stanley said that it "recognizes that climate change poses significant risks to the global economy and that reducing carbon emissions is critical to our success in addressing the challenges presented by a changing climate."

JP Morgan Chase, Bank of America, Wells Fargo, Citibank, Goldman Sachs and Morgan Stanley call for a strong global climate deal, recognizing cost of carbon