US EditionCanadian banks face squeeze between climate expectations, market pressures
- Canadian banks are offering support to those affected by wildfires, but activists argue that more needs to be done to address the underlying climate change trends that are exacerbating the fires.
- A report found that Canadian banks are lagging in funding low-carbon energy solutions, directing more money towards oil and gas instead.
- Banks face challenges in shifting towards renewables due to high interest rates, economic uncertainty, and a lack of green energy projects that meet their lending criteria. However, progress is being made in clean energy investments, and financing the transition will be a focus at the upcoming COP28 climate summit.
20 Articles
20 Articles
Canadian banks face squeeze between climate expectations, market pressures
TORONTO -- In May, Canadian banks offered support to those affected by an early wave of wildfires in Alberta. In June, they extended the offer to those hit in Nova Scotia, and some expanded it further as fires also raged in Quebec and Ontario.
Canadian banks face squeeze between climate expectations, market pressures
TORONTO — In May, Canadian banks offered support to those affected by an early wave of wildfires in Alberta. In June, they extended the offer to those hit in Nova Scotia, and some expanded it further as fires also raged in Quebec and Ontario.
Canadian banks face squeeze between climate expectations, market pressures
TORONTO — In May, Canadian banks offered support to those affected by an early wave of wildfires in Alberta. In June, they extended the offer to those hit in Nova Scotia, and some expanded it further as fires also raged in Quebec and Ontario.
Canadian banks face squeeze between climate expectations, market pressures
TORONTO — In May, Canadian banks offered support to those affected by an early wave of wildfires in Alberta. In June, they extended the offer to those hit in Nova Scotia, and some expanded it further as fires also raged in Quebec and Ontario.
Canadian banks face squeeze between climate expectations, market pressures
TORONTO — In May, Canadian banks offered support to those affected by an early wave of wildfires in Alberta. In June, they extended the offer to those hit in Nova Scotia, and some expanded it further as fires also raged in Quebec and Ontario.
Coverage Details
Bias Distribution
- 90% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
