Are Canada’s top banks making it difficult reach the 2030 carbon emissions target?

- Advertisement -

TORONTO (CU)_In April this year, Canadian Prime Minister Justin Trudeau promised to slash the country’s greenhouse gas emissions by 40 to 45 per cent by 2030, which was four to nine per cent higher than the previous target. According to experts the number one barrier in this ambitious target is the energy industry, as the North American nation is the world’s fifth largest producer of oil and natural gas. And as the government attempts to tackle this challenge, it has now been revealed that the country’s top banks are not making the job any easier.

According to the Banking on Climate Chaos report that was recently published, the top five banks of Canada have invested…

Hot this week

How Are Worldwide Marches for Machado Reshaping the Battle Over Venezuela’s 2024 Election Fallout?

Supporters of Venezuelan opposition figure María Corina Machado gathered...

Is a New UK–EU Youth Mobility Deal About to Reopen Europe for Young Britons?

British ministers are inclined to secure the deal within...

How Effectively Does the UK Spend Its Climate Aid — And Who Benefits?

(Commonwealth_Europe) The International Development Committee has launched a new...

Is Canada’s Third-Quarter Rebound a Sign Its Economy Is Regaining Momentum?

Canada’s real gross domestic product (GDP) increased by 0.6%...

Could Malta Secure Hundreds of Millions in EU Funds If It Acts Now on Mass Transport?

PN MEP Peter Agius said that there were positive...
- Advertisement -

Related Articles

- Advertisement -sitaramatravels.comsitaramatravels.com

Popular Categories

Commonwealth Union
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.