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Bank executives summoned to Ottawa to discuss climate

Photo: Adrien Veczan Archives The Canadian Press The bank towers in Toronto's financial district on Wednesday, June 16, 2010

The Canadian Press in Ottawa

Posted at 3:28 p.m.

  • Canada

A parliamentary committee convened senior executives of Canada's five major banks to discuss the environmental and climate impacts of the financial system.

The Standing Committee of Environment and Sustainable Development of the House of Commons has set June 13 as the appearance date for the CEOs of RBC, TD Bank, CIBC, BMO and Scotiabank, according to the lawsuit -minutes of the meeting. A subpoena is generally used to compel a person to testify after refusing an invitation.

RBC, BMO, CIBC and Scotiabank have all confirmed their CEOs will appear before the committee, while TD did not immediately respond to a request for comment.

Canadian banks have come under scrutiny for their lending practices and environmental records, including the hundreds of billions of dollars in financing they have provided to fossil fuel companies in recent years. last years. They have set short- and long-term emissions reduction targets, but they are accused of not acting quickly enough.

Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116