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At the same time, the five largest Canadian banks have provided $700 billion to the fossil fuel sector since 2015 and doubled their year-over-year financing in 2021. The government can also use other forms of economic planning to accelerate a rapid transition, combining green central banking tools with a coordinated green industrial strategy.
Financial institutions urged to mitigate risks posed by water-stranding events to portfolios and loan books. Sixty-nine percent of listed equities reporting via CDP’s platform stated they are exposed to water risks that could “generate a substantive change in their business”, said CDP’s report on how water issues are strandingassets.
Since the asset management division of French banking group BNP Paribas began looking more closely at climate-related lobbying in 2018, it has seen “a rapid uptick in engagement on this issue by institutional investors,” according to spokesperson Claire Schiff. Investor pushback Investors are paying attention.
with your entire bank account on the line.” Inspire ETFs reflect pretty extreme views on abortion and LGBTQ+ rights in my book. Why use ESG information? “If Their exclusions extend to companies that advocate for abortion and for “promotion and acceptance” of the LGBTQ+ “lifestyle.”
The fossil fuel funded Heartland Institute sent every science teacher in the United States a deceitful book called “Why Scientists Disagree About Global Warming” As reported by Bloomberg , they also give teachers carefully crafted lesson plans that promote fossil fuels.
Increasing scrutiny highlights growing divide between leaders and laggards, with asset owners attempting to close the gap. The banking sectors journey to net zero emissions has the potential to deliver or dash global climate ambitions but that journey is fraught with challenges and complications.
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