RBC’s Dave McKay said organizations are assessing whether the NZBA is the right way for banks to address climate change, though neither bank has decided on its future with the group

The Globe & Mail

Canada

RBC, BMO signal future of climate-finance alliance ‘in flux’ after U.S. banks depart

The Bank of Montreal and Royal Bank of Canada could soon walk away from the finance industry’s biggest climate alliance.

Media Bias/Fact Check

Financial Post

Leon Cooperman

Allianz

RBC, BMO could soon follow Wall Street out of climate club

Canada’s largest banks may be the next group to walk away from the industry’s biggest climate-finance alliance.

Ad Fontes Media

All Sides

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

United States

RBC, BMO Signal They May Follow US Banks Out of Climate Club

The Woodbridge Company

Six of the largest U.S. banks have pulled out of the Net-Zero Banking Alliance (NZBA), a UN-backed banking group that has agreed to align its business practices with a commitment to eliminate emissions by 2050, ahead of Donald Trump's inauguration, amid expectations of political resistance from the Trump administration to climate action.

Šestice největších bank Spojených států vystoupila před inaugurací Donalda Trumpa z Net-Zero Banking Alliance (NZBA), OSN podporované bankovní skupiny, která souhlasila, že své obchodní praktiky spojí se závazkem do roku 2050 eliminovat emise. Od Trumpovy administrativy se totiž očekává politický odpor proti aktivitě na ochranu klimatu.

Ze skupiny bojující proti emisím vystoupilo před Trumpovou inaugurací šest největších amerických bank

Novinky.cz

Seznam.cz

Six of America's largest banks quit anti-emissions group ahead of Trump inauguration

The six biggest banks in the US have all quit the global banking industry’s net zero target-setting group,…

Europe Says

Six big US banks quit net zero alliance before Trump inauguration

J.P. Morgan, Morgan Stanley, Citigroup, Bank of America, Wells Fargo, and Goldman Sachs, have all departed from the Net Zero Banking Alliance in recent weeks.

The New York Sun

New York

J.P. Morgan Joins Wall Street Banks in Exodus From Climate Coalition Ahead of Trump Presidency

CFACT

Goldman quits the climate kleptocracy: Bonner Cohen on Salem TV

On the even of President-elect Trump’s second term, six major US banks have taken the easy way out, bailing on the Net Zero Banking Alliance (NZBA). The NZBA was a UN-sponsored group of financial institutions committed to achieving net zero and taking positive climate action. According to The Guardian, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, and Wells Fargo have all backed out. Trump has been a vocal critic of companies taking…

WebProNews

Major Banks Bail On the Net Zero Banking Alliance

Morgan Stanley’s recent departure from the Net-Zero Banking Alliance (NZBA) marks yet another significant shift in the banking sector’s approach to climate initiatives. Following similar moves by Citigroup and Bank of America the previous week, as well as earlier exits by Goldman Sachs and Wells Fargo in December, the world’s largest banks are distancing themselves from the UN-backed coalition aimed at aligning financial portfolios with net-zero…

The American Bazaar

Big banks exit climate alliance ahead of Trump 2.0

Royal Bank of Canada and Bank of Montreal have stated they are reconsidering their membership in the Net Zero Banking Alliance (NZBA) – a global initiative set up by former Bank of Canada Governor Mark Carney – to advance climate action by private banks. This comes as all major US banks quit the climate group in the past two weeks and climate change-fueled fires rage in Los Angeles. RBC’s City National Bank subsidiary is headquartered in LA.  Ri…

RBC, BMO signal future of climate-finance alliance ‘in flux’ after U.S. banks depart

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