Four of Canada's biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks.

Top US, Canadian banks pull out from a global banking sector climate coalition - Net Zero Banking Alliance (NZBA), while European banks threatened to withdraw unless it softens its rules, read more to

Four of Canada’s largest banking institutions, BMO, National Bank, TD Bank Group, and CIBC, have withdrawn from the UN-backed Net-Zero Banking Alliance. Despite their departure, these banks assert that they remain committed to advancing their climate strategies independently.

By Nivedita Balu TORONTO (Reuters) -TD Bank, Bank of Montreal and National Bank of Canada said on Friday they were withdrawing from the Net-Zero Banking Alliance, joining the big-six U.S. banks in quitting the banking sector climate coalition.

Four major Canadian banks and six U.S. banking giants have withdrawn from the Net-Zero Banking Alliance (NZBA), a UN initiative aimed at driving net-zero emissions. The departures began with Goldman Sachs announcement

By Nivedita Balu TORONTO (Reuters) -TD Bank, Bank of Montreal and National Bank of Canada said on Friday they were withdrawing from the Net-Zero Banking Alliance (NZBA), joining the big six US banks in quitting the banking sector climate coalition.