Advocacy groups say finance sector needs regulation to push it on climate action

Groups including Environmental Defence, Ecojustice, and Shift:Action outlined their proposal in a report that pushes the federal government to require "credible" climate plans from the banking, insurance, and pension sectors that would limit warming to 1.5 degrees, and to require assessments of those plans by regulators.

The split came after Race to Zero introduced stricter criteria in June around emission reductions and fossil fuel funding, which led to a pushback from many in the banking sector and ultimately led GFANZ to no longer requiring members also be part of Race to Zero. "We need the financial sector to align with Canada's existing legal climate commitment to keep warming below 1.5 degrees. And that needs to happen now."

Damn accountants ruining the environment

So regulate business until its out of business? Another pinko commie rag helping to spread crap.

How about advocacy groups just stop trying to coerce people to do what they want. If you can't convince people with your arguments then maybe piss off and stop trying to force them.

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