Canadian banks now following the US banks that recently bailed on the Mark Carney's GFANZ Net Zero organization.
https://financialpost.com/fp-finance...imate-alliance
BMO, National Bank, TD follow U.S. banks to quit global climate alliance
On Friday, the Bank of Montreal, Toronto-Dominion Bank and National Bank of Canada said they have withdrawn from the Net-Zero Banking Alliance, which aims to align lending, investment and capital markets activity with net-zero greenhouse gas emissions by 2050.
The lenders join several big banks in the United States, such as JPMorgan Chase & Co., Morgan Stanley, Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group Inc., that have withdrawn in recent weeks from the group convened by the United Nations.
Members of the alliance are required to transition their lending and investment portfolios to align with the pathways to net zero by 2050 or sooner and also set a 2030 target.