5 Canadian bank CEOs testify before a parliamentary committee on financial sector's impacts on climate and environment.
Canada's five largest bank CEOs are set to testify before a parliamentary committee on the financial sector's impacts on climate and the environment. The CEOs of Royal Bank of Canada, TD Bank Group, BMO Financial Group, Scotiabank, and CIBC will appear by videoconference before the House of Commons standing committee on environment and sustainable development. The banks have faced increased scrutiny for their lending practices contributing to climate change, as they have provided hundreds of billions of dollars in funding to oil and gas companies. However, the banks have made both short- and long-term emissions reduction targets, including a goal for net-zero financed emissions by 2050.
June 13, 2024
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