The CEOs of Canada’s five biggest banks are set to testify before a parliamentary committee later today about the impacts of the financial sector on climate and the environment..
Canada’s biggest banks have made both short– and long-term emissions reduction targets, including net-zero financed emissions by 2050, but face criticism for not moving fast enough. The appearance of the bank executives comes a week after testimony at the same committee by the CEOs of Canada’s biggest oil and gas producers, who face a proposed legislated cap on emissions.
Parliamentary efforts to rein in the banking sector’s indirect impact on climate are largely limited to Independent Sen. Rosa Galvez’s proposed Climate-Aligned Finance Act, which remains in the Senate banking committee. Study and track financial data on any traded entity: click to open the full quote page. Data updated as of
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