Canada can get its banks out of fossil fuels before it’s too late, and here’s how

Climate change puts Canada's financial system at risk. By acting now, the government can send a clear signal to banks and investors about the future of finance in a changing climate.

Finance Minister Chrystia Freeland released the Liberal government's fall economic statement on Nov. 21, which included a set of criteria that would outline what kinds of investments will push forward a green transition.The Hill Times photograph by Andrew Meade

Opinion

BY BERNARD SOUBRY

December 11, 2023

When it comes to investing in the green economy, Canada's banks and pension funds are lagging behind global trends. In 2022, this country's banks provided over US$100-billion to fossi...

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