Bank CEOs to testify at parliamentary committee on climate impacts of finance [Financial Post (Toronto, Ontario, Canada)]
Royal Bank Of Canada (RY)
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. OTTAWA — The chief executives of Canada's five biggest banks are set to testify before a parliamentary committee later today about the impacts of the financial sector on climate and the environment. The chief executives of Royal Bank of Canada, TD Bank Group , BMO Financial Group, Scotiabank and CIBC are all scheduled to appear by videoconference before the House of Commons standing committee on environment and sustainable development. Article content Banks have faced increased scrutiny for how their lending practices contribute to climate change, as they have provided hundreds of billions of dollars in funding to oil and gas companies in recent years. Canada's biggest banks have made both short- and long-term emissions reduction targets, including net-zero financed emissions by 2050, but face criticism for not moving fast enough. The appearance of the bank executives comes a week
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