Big six: A combination photo shows Canadian investment banks RBC, CIBC, BMO, TD and Scotiabank in Toronto. – Reuters
CANADIAN banks’ commitments to “net-zero financed emissions” by 2050 have drawn doubts from many investors, given the lack of a defined goal, details and their continued support for oil and gas companies, even if partially aimed at helping them transition to alternatives.
But their growing funding for green projects also presents a dilemma for shareholders who might want to divest.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
