CEOs of Canada’s biggest banks to testify before parliamentary committee on climate impacts of finance

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 36 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 92%

Canada أخبار

Committee,Climate,Environment

Banks have faced increased scrutiny for how their lending practices contribute to climate change, as they have provided hundreds of billions of dollars in funding to oil and gas companies in recent years

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

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 5. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nvidia earnings beat, stocks, bank CEOs on Fed: 3 ThingsNvidia (NVDA) topped earnings estimates in its fiscal first-quarter 2025 report with AI chip demand driving the company's success. Watch Yahoo Finance's...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »