Greenpeace Canada: Attack on ESG Highlights Need to Regulate Banks on Climate Finance - Report
June 08, 2023
June 08, 2023
TORONTO, Ontario, June 8 (TNSrpt) -- Greenpeace Canada issued the following news release:
A new report from Greenpeace Canada shows how the fossil fuel industry-backed assault on banks' climate commitments has only highlighted the urgent need for governments to step in and regulate the financial sector - in 2022, the five biggest Canadian banks provided 20.4 percent of funding that went to fossil fuels from the 60 largest banks in the world, up from 13.8 percent in 2016. The ne . . .
A new report from Greenpeace Canada shows how the fossil fuel industry-backed assault on banks' climate commitments has only highlighted the urgent need for governments to step in and regulate the financial sector - in 2022, the five biggest Canadian banks provided 20.4 percent of funding that went to fossil fuels from the 60 largest banks in the world, up from 13.8 percent in 2016. The ne . . .