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Stock impact report

Canada's parliament grills bank CEOs on climate policy in rare meeting [Yahoo! Finance]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
change, but said reducing funding for fossil fuel extraction would take time and more works need to be done to reach net zero emissions. In a rare meeting, MPs grilled the heads of Royal Bank of Canada, TD Bank Bank of Montreal, Bank of Nova Scotia and CIBC appeared via videolink before a House of Commons committee to answer questions about any steps their banks are taking to help reduce greenhouse gas emissions and steer away from fossil fuel funding. Canadian banks, among the biggest oil and gas financiers in the world, have come under pressure over recent years with demands to change their lending practices that contribute to climate change. The five banks financed about $104 billion to fossil fuels last year, 13% of the value of the deals covered from global banks, according to a recent report. The banking and oil and gas industries contribute roughly about 3% to 5% to Canada's gross domestic product. "Energy is still a big part of the Canadian economy. And therefore, we Show less Read more
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