Reported about 1 year ago
In a rare meeting, Canada's big five bank CEOs reassured parliament members of their commitment to fighting climate change but mentioned that reducing funding for fossil fuel extraction would take time. MPs grilled the heads of the banks about steps being taken to reduce greenhouse gas emissions and move away from fossil fuel funding. Canadian banks, major oil and gas financiers, are under pressure to change lending practices. While the banks have set climate goals, there are concerns about the lack of transparency and specific commitments in sustainable investments, with criticisms from environmental activists for holding back climate progress.
Source: YAHOO