💨 Abstract

Canadian banks TD Bank, Bank of Montreal, and National Bank of Canada have withdrawn from the Net-Zero Banking Alliance (NZBA), following six major U.S. banks who left the climate coalition under U.S. political pressure. The banks claim they have the resources to advance their climate strategies independently. The NZBA, a UN-sponsored initiative, encourages financial institutions to limit climate change and achieve net-zero emissions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖