Story perspectives
Net-Zero Banking Alliance Disbands After Political Pressure
10/4/2025
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Story summary
- Net-Zero Banking Alliance, launched in 2021 by Prime Minister Mark Carney, is shutting down.
- Members voted to end the membership structure and will use the group's climate guidance as reference.
- The alliance had over 140 global banks at its peak, reflecting its scale.
- U.S. banks left after Donald Trump’s election due to political pressure; Canadian banks followed in January.
