Canada’s Big Five banks keep moving further away from net-zero
Corporate Knights
MARCH 6, 2024
A new report renders a damning portrait of Canada’s Big Five banks on their path to net-zero emissions by 2050. The banks racked up $275 billion in loans and bond and equity underwriting to fossil fuel companies between 2020 and 2022, which represents 16.9% of total financing in 2022, up from 15.5% in 2020. .$72.4
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