Top Canadian banks quit global climate coalition ahead of Trump inauguration
Top Canadian banks quit global climate coalition ahead of Trump inauguration
www.reuters.com /business/finance/bmo-becomes-first-canadian-bank-withdraw-net-zero-banking-alliance-2025-01-17/
cross-posted from: https://slrpnk.net/post/17397478
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3 comments
Really going to suck for them when a big chunk of the properties backing their mortgage loans get repeatedly wiped out due to climate change related natural disasters and ultimately become uninsurable.
Eventually, climate change is going to hit real estate lending in certain areas really hard.
Man, what a tired talking point. Obviously the banks will just repossess the properties and sell them all to Aquaman.
/s
For fuck sakes. I'm with BMO, probably going to try and switch away now. I'm so tired