Canada’s Big Five banks keep moving further away from net-zero
Corporate Knights
MARCH 6, 2024
A new report renders a damning portrait of Canada’s Big Five banks on their path to net-zero emissions by 2050. Instead of shifting toward net zero, the banks have moved backwards, raising their financing of the fossil fuel industry with only modest increases to low-carbon energy. “The Big Five banks have taken little voluntary action to align their business practices with their own net-zero commitments,” states the report by InfluenceMap , a global corporate research think tank based in Londo
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