💨 Abstract

Three major Canadian banks, TD Bank, Bank of Montreal, and National Bank of Canada, have withdrawn from the Net-Zero Banking Alliance, following the lead of six U.S. banks. The U.S. lenders have been leaving the coalition due to rising political pressure. The Net-Zero Banking Alliance, launched in 2021, aims to help financial institutions combat climate change and achieve net-zero emissions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖