Three of Canada’s biggest banks have quit a global climate alliance that aims to support the energy transition away from fossil fuels, just days before Donald Trump officially becomes the next president of the United States.

On Friday, the Bank of Montreal, Toronto-Dominion Bank and National Bank of Canada said they have withdrawn from the Net-Zero Banking Alliance, which aims to align lending, investment and capital markets activity with net-zero greenhouse gas emissions by 2050.

https://financialpost.com/fp-finance/banking/bmo-first-canadian-bank-leave-un-climate-alliance