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Canada

After exodus of major banks, Mark Carney-launched net-zero alliance shuts down

October 3, 2025
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A man uses an ATM at a CIBC branch in Montreal, on April 24, 2014. CIBC will be raising its quarterly dividend by three per cent starting in January and making former federal Liberal deputy prime minister John Manley the chair of its board of directors in April. THE CANADIAN PRESS/Graham Hughes

A global banking group that Prime Minister Mark Carney helped launch in 2021 to fight climate change has voted to shut down.

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