Major US financial firms are backing away from environmental commitments in response to Republican Party pressure.
They distance themselves from Climate Action 100+, the largest investor collective seeking to reduce polluting emissions.
Companies justify their distancing saying that law compels them to seek their clients' financial interest, fearing legal issues.
Hostility towards environmental, social, and governance investment criteria (ESG) can politically penalize companies, leading to 'green hushing'.
The commitment to climatic cause is questioned as big firms shy away from concrete measures.
European firms lack Wall Street's financial clout and its ability to influence polluting companies.
Sustainability might go underground in the US with a potential Trump victory in the elections.
Conclusion: Sustainable investment faces strong challenges in the United States due to political and legal pressures, threatening climate commitments and the fight against climate change.