OTTAWA — The CEOs of Canada's five biggest banks are set to testify before a parliamentary committee Thursday afternoon about the impacts of the financial sector on climate and the environment.
In a press conference ahead of the testimony, several environmental groups thanked the committee for its leadership in summoning bank executives, and called on legislators to put in regulations to force banks to take more action on climate change.Canada's biggest banks have already made both short- and long-term emissions reduction and sustainable finance targets, including net-zero financed emissions by 2050.
"Their voluntary climate commitments have proven fickle, with them continuing to overinvest in oil and gas and underinvest in clean climate solutions." BUENOS AIRES, Argentina — Wall Street rallied Thursday as Argentina's President Javier Milei traveled to Italy for the Group of Seven summit, buoyed by his first legislative victory after the Senate passed sweeping proposals to slash state spending and boost his powers.RUTHERFORD, Calif. — As the head of an association of winemakers in southern Ukraine, Georgiy Molchanov knows a lot about how to cultivate grapes; not so much how to grow them amid undetonated mines.