The Globe and Mail reports in its Saturday edition that four of Canada's big banks have quit a global alliance of financial institutions set up to meet climate goals, joining a rush of lenders to do so. The Globe's Jeffrey Jones writes that BMO, National Bank, TD Bank and CIBC have left the Net-Zero Banking Alliance, following the largest U.S. banks, which bailed on the organization in recent weeks. The NZBA members aim for financed emissions reduction targets for 2030, using scenarios that adhere to a long-term global temperature rise of 1.5 degrees above preindustrial levels. In a statement on Friday, BMO spokesman Jeff Roman said that despite its exit from the NZBA, the bank is still committed to meeting its climate targets and helping clients with their decarbonization goals. The exodus raises questions about the alliance's future as an organization designed to marshal massive funds needed for the shift to low-carbon economies. On Monday, its sister organization, the Net Zero Asset Managers initiative, suspended operations. With Donald Trump returning to the White House on Monday, companies fear the risks of emphasizing sustainability as Republican leaders at the state level have sought to ban such measures.