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Bank CEOs to testify at parliamentary committee on climate impacts of finance

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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.

A red light on Bay Street in Canada's financial district is shown in Toronto on Wednesday, March 18, 2020. THE CANADIAN PRESS/Nathan DenetteThe 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.

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.

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