Standard Chartered Plc Chief Executive Officer Bill Winters, who also spoke at the IIF conference, is chair of an industry taskforce looking to boost credit offsets, with more than 40 members including, BP Plc, Royal Dutch Shell Plc and Unilever NV. The panel estimates the market needs to grow by between 15 and 160 times in order to meet the Paris Agreement that set a target of limiting global warming to 1.5 degrees Celsius.
“We haven’t made much progress as a practical matter, and at least one big reason for that is that we haven’t harnessed private markets to the fullest extent,” Winters said during the IIF panel. Sustainable finance has become a core business for most banks and fund managers in recent years in part because they face growing pressure from clients, employees and the public to demonstrate they’re contributing to a fairer and greener society. It’s also an appealing business opportunity: The transition to a lower carbon world will require trillions of dollars of investment in renewable energy, electric vehicles and a host of related technologies and infrastructure.
Who is he taking his marching orders from probably the same as Trudeau. BUTTS.
Next time you interview Mark show him this and ask him to check the math and try to conclude if Canada is at net zero emissions.
Great...I can dump toxic waste here because some other guy didn't over there. What a scam...that benefits only those in on it.
gmbutts buddy started Bullfrog Power for buying carbon offsets. I’m sure it’s a taxpayer wealth redistribution Liberal scam.
This guy has always been overrated and is now just a giant windbag for the green energy movement. He should have stayed in the UK. cdnpoli
As mentioned earlier, NP has adopted the same narratives as every other MSM site. They were once worth reading but appear to have turned to the dark side post-unionization. Funny that.
Money for nothing...
That is, polluters pay $ to UN for a license to pollute
Carney will steel your hard earned money and give it to his billionaire buddies in the name of saving the plant.
Canadians hang onto your wallets!
Just like the carbon tax on my bill . the cost of natural gas (the actual product) was $.15, yup 15 CENTS . f'n carbon tax $1.79 . 12 TIMES the cost of the natural gas . the total bill was $24.87 . 146 TIMES cost of the natural gas Yup, that will save the planet all right
NWO Markey Carney!
Let's see a list of who benefits the most financially from carbon offset purchases. 🤔
Another Gangster!!
If CO2 causes global warming (which it does not) and we have the start of a mini ice age (which is true) - then there is no point in decreasing carbon emissions. Nothing's going to change.
Sounds like a steaming pile of solar panels.
Reality check. CO2 has never shown a cause effect relationship with temperature, let alone the minute human contribution. Yet the lies continue. One hoax after another to destroy the economy and remove our sovereignty. greenscam makes money for greencrook con artists. exitUN
Mark Carney will be the next Liberal leader once Trudeau is thrown in jail. He's as warped ideologically as Trudeau don't be fooled.
Right now our world is under COVID siege. Our finances cannot take any more hits. Carbon offsets need to happen in countries that are the polluters. Guess what Canada is at 2% go blow smoke to the real polluters. This is a joke.
So, in other words “we’re totally never meeting net, or any other kind of co2 emissions ”, “our plan is to tax our citizens, and give the money to 3rd world dictators”. I’m sure this will work perfectly.
I’m sure he has lots of interests to pocket any offset cash. Look at old Gerald Butt.
The offset market is a money laundering scam. Do some freaking research National Post!
Carbon tax/offset imperative to continue the smokescreen that something is being done to move to a truly sustainable economy with complete transparency.
COP26 Glasgow - Stop the Global Carbon Tax Law
Make Me Rich Quicker scheme selling an agenda to the gullible!
Mark Carney is on board with people like Crooked Gerry. He should be ignored.
Tell me. When you buy a carbon offset, who do you buy it from. Who profits from this transaction? Once you buy a carbon offset, how does this reduce carbon? Like when Trudeau flew two aircraft across the country, he bought carbon offsets. From who? How much? Do explain Mark!
Sigh. Here’s that idiot Carney back to haunt Canada.
Another one perpetrating a fraud on Canadians. Good to know.
another Globalist prick in 5000$ suite
Free world RISE UP against the financial robber barons who want your tax money in their bank accounts and are completely full of shit!
This guy is up to NO good at all!
Another Globalist......and Harvard Grad
he can speak for himself, i prefer to incentivize innovation
Net-Zero is the dumbest thing ever... carbon offsets, just like carbon taxes just make everything more expensive and emissions remain the same or go up... a money making scam that does nothing! CO2 is NOT pollution and should NOT be taxed!
Carbon Offset Market is code for Liberal ministers and supporters. Same scam in Ontario with the windmills and solar panels. Ex Liberals made out like the bandits they are.
The carbon tax is a cash grab under the guise of environmental responsibility. Tried to take a bunch of plastic to recycling depot. Told to take it to dump, no market to recycle it here. So while we get plastic everything from China, they don't want it back. Now what?
This system is the best!I just payed a skinny kid on my block $20 not to eat much on Thanksgiving because I planned on eating like a pig. It worked great! He bought a pack of smokes & lost couple pounds. I ate everything & gained a couple. Even Steven, plus $20 into the economy!
Mark Carney can piss off
I used to like this guy. Now he is merely a shill for the UN and a socialist globalist agenda.
So follow the money trail to find out why.
So liberal insiders get very rich and taxpayers become very poor? NoCarbonTaxes FireTrudeau WEscandal
Wonder how much this plane travelling addict has Himself invested in the Carbon Trade market? Seems to me🇨🇦 should be the first to call BS on this travelling salesman's many shifts in Economic Policy
Sounds like potential for a small group of people to make A LOT of money.
Carbon offset 😂😂😂. You jokers 🤡
It’s a fallacy thought up by rich people to get even richer. They all make millions or billions of the backs of the middle class. cdnpoli
Flying and driving for the wealthy. Nice..
They found these carbon markets are rife with corruption n money laundering n overall useless.
Mark still working for Goldman?
*Sigh*
Globalist puppet.
Now Here’s a F’kn Carbon Scam ! This is the epitome of what all this Bullshit “Climate Crisis” hoax is all about. Who Sells Them ? Who’s Profiting? What’s done with the money. For real ? How does this reduce Emissions ? I’m selling Carbon Offsets now..... CarbonScam
Another bloody millioniare telling peons what's good for them. How does adding 50p onto your airfare that goes towards a sapling tree count towards carbon offsets? That's a popular tactic in Europe to let people think they are saving the planet.
All about making green billionaires even richer off the taxpayer , complete bullshit. China doesn't give a crap and Canada doesn't matter.
No Canadian cares about this agenda. Only the corrupt Trudeau Liberals. Literally right now, amongst the highest debt AND unemployment, this is a priority to NO ONE. The Trudeau Liberals need to be chased out of this country.
Lying banker
Please mark stay in england. Shop it there
gmbutts loves this ...
Pyramid schemes
Drops out conservatives commenting nonsense Carney went to Oxford and Harvard and had the most prestigious economics job in Canada and the UK
Can you forward this pie chart about carbon emission by country to Mr. Mark Carney? Don't be a Greta who only dares to criticise Canada but not China.
So it's all about money and has nothing to do with actual climate.
How about we let the world’s biggest emitters; China, Russia and India take the lead on this one for once.
Carbon offset market? I'm thinking of creating a calorie offset market for when I eat too much. As long as I'm buying calorie offsets from someone else, that means I won't gain weight and that this isn't a complete farce of a concept/government created market!!!!!!
Sure bud. Carbon Offset is nothing but a tax....a revenue generation tool. Garbage. Global Warming is real and something intelligent needs to be done....something that isn't just a way for governments to squander more of their citizens hard earned dollars.
It is imperative we vote the Liberals out of existence, so guys like Mark Carney are taken away from positions where they can ruin everything.
'Mark Carney says carbon offset market has become imperative to help achieve net-zero emissions' Anthropogenic CO2-driven climate change is the global scam of the millennium. Carney et. al. are complicit in the global scam of the millennium. Don't be duped by alarmist lies folks
We need really change not a Taxgrab
Really? Has the earth cooled off already?
Why doesn't Mark take his net-zero show on the road to China? See how they respond....
So just another scam to funnel money to JT's friends and family. Got it. PS, zero emissions of what and why is zero emissions the goal in the first place?
mark carney pushes a plan that enron came up with to fleece nations
Everywhere they have been implemented they have been ended after massive corruption.