Canada’s big banks still lag on renewable energy investment

Benjamin Sinclair, CFA and equity analyst at Odlum Brown, joins BNN Bloomberg to discuss bank earnings for BMO and Scotiabank.

The IEA target is part of a broader pathway to limit global warming to 1.5C per the 2015 Paris Agreement, and to reach net zero by 2050. “Despite all the banks assessed having made long-term, net zero commitments in 2021, and adopted power sector-specific interim targets since, most have shown no real progress,” Investors for Paris Compliance wrote.

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