FILE PHOTO: A sign for the Bank of Montreal in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo
TORONTO: Toronto-Dominion Bank, Bank of Montreal (BMO) and National Bank of Canada are walking away from the industry’s biggest climate-finance alliance, joining Wall Street peers and extending an exodus that started in early December.
While the Canadian lenders said they’re no longer members of the Net-Zero Banking Alliance (NZBA), all three said they’re still committed to meeting climate- related targets.
