Scotiabank joins major Canadian lenders quitting global climate coalition
- Four Canadian banks, including BMO and CIBC, withdrew from the Net-Zero Banking Alliance on January 17, as reported by Facebook.
- Alberta Environment Minister Rebecca Schulz urged the remaining banks to leave the alliance, claiming it harms the economy and jobs for Canadians.
- Mark Carney, the alliance's creator, faced criticism from Schulz for promoting policies that she believes negatively impact Alberta's industries.
- The Net-Zero Banking Alliance's future is uncertain as major banks in the U.S. And Canada have also exited, citing legal concerns and political pressure.
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Total News Sources0
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 28%
R 43%
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