Greenpeace Report: Canadian Banks Defying Climate Science by Increasing Fossil Fuel Finance
August 12, 2021
August 12, 2021
TORONTO, Ontario, Aug. 12 (TNSRep) -- Greenpeace Canada issued the following news release:
Canadian banks are playing a growing and globally significant role in fueling climate destruction and are more exposed to climate risk than they are telling their shareholders according to data in a new Greenpeace report. The report finds that prior to the pandemic, Canadian big 5 banks steadily increased their fossil fuel loans and investments since the Paris Climate Agreement was signed.
Canadian banks are playing a growing and globally significant role in fueling climate destruction and are more exposed to climate risk than they are telling their shareholders according to data in a new Greenpeace report. The report finds that prior to the pandemic, Canadian big 5 banks steadily increased their fossil fuel loans and investments since the Paris Climate Agreement was signed.