Canada’s green taxonomy playbook stuck in limbo, industry group says

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Frustration builds as Ottawa has yet to formalize taxonomy spelling out which investments can be certified as green

targets as a new green investing guidebook remains stuck in limbo in Ottawa, the head of the industry group charged with developing it says.

“Other regions are moving now and we’re going to lose that opportunity, and it’s such a shame because we are in such good stead, such a good place, to influence positive outcomes for us, but outcomes globally as well,” Ms. Bardswick said in an interview. Ottawa, led by the Finance Department, has said little about the taxonomy or why it has not signalled its intention or a timeline. Finance has said for months only that it is studying the recommendations and reviewing stakeholder feedback, and had no new details to add on Thursday.

 

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