Latest weeks have seen main US banks, together with Goldman Sachs, Morgan Stanley, Wells Fargo, Financial institution of America, Citigroup, and JPMorgan Chase, exit the alliance.
These departures align with rising Republican criticism of ‘woke’ capitalism and claims that such voluntary alliances have failed to realize important reductions in greenhouse fuel emissions.
Financial institution of Montreal CEO Darryl White, talking on the similar occasion, mentioned, “We’re nonetheless a member of the alliance. At the least we’re at the moment.”
White reaffirmed BMO’s dedication to a low-carbon economic system whereas emphasizing the financial institution’s continued help for its conventional power purchasers. “We received’t abandon that,” he added.
As of Wednesday, NZBA’s web site nonetheless listed RBC and BMO as members. A spokesperson for the alliance declined to remark.