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flag Canadian banks RBC and BMO may leave climate alliance, citing pressure against "woke" capitalism.

flag Some of Canada's biggest banks, RBC and BMO, might leave the Net-Zero Banking Alliance, following several major US banks who exited amid political pressure against "woke" capitalism. flag Despite leaving, these banks say they still support climate goals and will help clients cut carbon emissions. flag Critics argue that voluntary alliances have not significantly reduced emissions, suggesting stronger government regulation is needed.

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