Canada's parliament grills bank CEOs on climate policy in rare meeting

FILE PHOTO: A combination photo shows Canadian investment banks RBC CIBC BMO TD and Scotiabank in Toronto

Canadian banks, among the biggest oil and gas financiers in the world, have come under pressure over recent years with demands to change their lending practices that contribute to climate change. The banks have all set climate goals but members questioned the lack of commitment to only finance companies if the projects are verified to have an impact that will reduce the greenhouse gas emissions significantly.

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CEOs of Canada’s biggest banks to testify before parliamentary committee on climate impacts of financeBanks have faced increased scrutiny for how their lending practices contribute to climate change, as they have provided hundreds of billions of dollars in funding to oil and gas companies in recent years
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