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flag 2022 Toronto financial sector greenhouse gas emissions from fossil fuel financing double Canada's total, report indicates.

flag A report from the Toronto Climate Observatory indicates that the financial sector's greenhouse gas emissions in Toronto are far greater than self-reported figures. flag In 2022, the top 18 financial institutions financed over $1.43 trillion in fossil fuels, resulting in 1.44 billion tonnes of CO2 emissions—double Canada's total emissions for the year. flag The findings call for enhanced accountability and transparency, as many institutions under-report their financed emissions despite commitments to achieve net-zero by 2050.

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