“I think for the most part, what they find is there just aren’t a lot of renewable energy or sustainable projects to fund that meet their risk-return characteristics.”
The accountancy firm found that in the second quarter, lending growth slowed to five per cent quarter-over-quarter, compared with an average of 8.3 per cent in the past two years.Article content Banks are also limited in climate funding by slow movement from the federal government on setting out rules about what counts as a sustainable investment, said Riordan.
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