Top Canadian banks quit global climate coalition ahead of Trump inauguration
- Four of Canada's biggest banks, including BMO, National Bank, TD Bank Group, and CIBC, have left the UN-backed Net-Zero Banking Alliance that aims to accelerate climate action among financial institutions.
- The withdrawals follow recent departures by the six largest banks in the U.S. Amid criticism from U.S. Republicans regarding climate alliances.
- CIBC stated that the alliance was formed when the global industry was scaling up climate efforts, but it has evolved enough for them to proceed independently.
- Greenpeace Senior Energy Strategist Keith Stewart described the banks' withdrawal as a craven act of cowardice on climate.
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Total News Sources0
Leaning Left7Leaning Right3Center7Last UpdatedBias Distribution41% Left, 41% Center
Bias Distribution
- 41% of the sources lean Left, 41% of the sources are Center
41% Center
L 41%
C 41%
R 18%
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