Energy Star ratings approve environmentally friendly appliances. Ocean Wise labels promote sustainably harvested seafood.
And they question why the council that created the proposal is made up entirely of banks and other financial institutions. “There are investments within the energy system, including the fossil fuel system, that will be required for us to transition. We haven’t defined what they look like yet. So the criticisms, I think, are not yet able to be grounded until we do that work. And that work does have to be more inclusive — we’ve said that.”
“The stakes are huge,” said Matt Price, director of corporate engagement at Investors for Paris Compliance. Bardswick said “the initial mandate of the SFAC was to bring these different perspectives from within the private financial system together to figure out, OK, what are we saying as a private financial system that is going to be ultimately making these investment decisions?”
“Canada’s sustainable finance policy will only be credible — and sufficient — if the development process formally includes independent climate expertise,” said the letter, which also requested a meeting with the ministers. “The biggest issue we have is that it’s inappropriate for the industry to propose its own regulations without scrutiny, which is what’s happening,” Scott said.
Jonathan Arnold, the Canadian Climate Institute’s clean growth research lead and one of the framework’s architects, agreed his role was “to bring some scientific expertise and rigour to the process.” Arnold said the inclusion of a “transition” category alongside the clearer-cut “green” label for investments is “as important if not more important.”
No one can ever satisfy environmental groups, even Canada’s leftist coalition government.
Because everything governments do in this country is controlled by the banks Duh
What makes Canada experts in that field?
Nevermind the banks... Chrystia Freeland bankrupt rueters
Everything this govt does is under fire ! They obviously oblivious to what Canadians want. They are so far up there own ego that forgot who they work for. No one agrees with this agenda how do they expect to stay in office ? The whole country is against the Liberals
Anything Liberals touch goes sour
Never forget.
If I decide to walk to work or school is that considered a green investment and can I get a grant
ESG is a scam. The correct solution is to ban ESG investing as a violation of the fund manager's fiduciary duty. It's not their money and playing games with retiree's accounts is what prisons were built for.
ESG investment are a total failure
Because they realize how incompetent the Trudeau liberals are That’s why
Because expecting a Russian History major to come up with major economic policy is a TERRIBLE idea.