The CEOs of Canada's big five banks on Thursday reassured members of parliament about their commitment to fighting climate change, but said reducing funding ...
FILE PHOTO: A combination photo shows Canadian investment banks RBC CIBC BMO TD and Scotiabank in Toronto
Canadian banks, among the biggest oil and gas financiers in the world, have come under pressure over recent years with demands to change their lending practices that contribute to climate change. The banks have all set climate goals but members questioned the lack of commitment to only finance companies if the projects are verified to have an impact that will reduce the greenhouse gas emissions significantly.
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