HomeMore NewsBanking & FinanceAre Canada’s top banks making it difficult reach the 2030 carbon emissions...

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

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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…

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