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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

In a report released the same day, the three advocacy groups recommend that Ottawa ’ s banking regulator require financial institutions to adopt a “ credible climate plan ” that would include interim targets for 2025 and 2030. . Treasury Department. . Senator Rosa Galvez is also critical of the regulator ’ s approach.

Banking 361
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Canada caught between climate obligations and dissent at home

Corporate Knights

Canada’s federal government is preparing to announce climate targets for 2035 as it faces both demands for more ambitious emission-reduction policies and major backlash against the measures it has already announced. The Supreme Court of Canada upheld the federal carbon levy in 2021.

Net Zero 309
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Aviation industry emissions are sky high - what is Canada doing about?

Corporate Knights

With Canada lagging far behind Europe and the United Kingdom in tackling carbon pollution from aviation, the country’s upcoming 10-year climate plan for the sector must be developed with public input and enforce a 30% emissions reduction target by 2030, climate advocates say.

Net Zero 264
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Ottawa mulls new carbon tax system for oil and gas sector

Corporate Knights

Even as it consults on an additional pricing model for the oil sector, Environment and Climate Change Canada is also reviewing the existing OBPS to determine whether greater stringency is required in terms of the percentage of a company ’ s emissions that it covers. . The impacts of climate change are here and will only worsen.

Net Zero 299
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Public Policy Forum urges government to help finance oil and gas emission reductions

Corporate Knights

With the federal government set to release its new climate plan this month, the battle is heating up over how it will rein in emissions from the country’s oil and gas sector. Its report argues that public financing for the oil and gas industry’s emission reductions is the best way to achieve the government’s net-zero goals.

Net Zero 264
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How Enterprises Can Facilitate the Journey to Net Zero

3BL Media

Based on the latest Future of Enterprises report, we take a closer look at what enterprises can do to reduce their environmental impact and facilitate the journey to net zero. The journey towards a net-zero future has only just begun, and we are truly running out of time. DESCRIPTION: By Sepideh Matinfar. Well, I am!

Net Zero 130
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Canada needs to make Big Oil pay their fair share

Corporate Knights

Ottawa is updating its climate plan to align with the target set last year of reducing emissions by 40% to 45% by 2030 from 2005 levels and achieving net-zero by 2050. . Under legislation passed last year, Environment and Climate Change Minister Steven Guilbeault is required to release a new plan by the end of March.

Net Zero 345