A global banking group that Prime Minister Mark Carney helped launch in 2021 to fight climate change has voted to shut down. A spokesperson for the UN-backed Net-Zero Banking Alliance says members voted to end the membership-based structure and instead use the climate guidance the group created as a reference.

The banking alliance had at its peak over 140 banks globally, including Canada’s Big Six banks, all committing to setting both shorter and longer-term decarbonization targets to help accelerate emissions reductions.

Sustained political pressure from U.S. Republicans led major U.S. banks to leave the alliance after the election of Donald Trump last November.

Canadian banks including RBC, TD, Scotiabank, BMO, CIBC and National Bank all left the group in January, saying they would continue climate efforts outside the group.

  • kent_eh@lemmy.caEnglish
    8·
    2 个月前

    Sustained political pressure from U.S. Republicans led major U.S. banks to leave the alliance after the election of Donald Trump last November.

    Of course it was those bastards.

    They’re not going to be satisfied until they kill the planet and every living thing on it.