"It is business as usual for most banks and investors who continue to support fossil fuel developers without any restrictions, despite their high-profile commitments to carbon neutrality."
Top banks in the United States and around the world have made a show of embracing net-zero emissions pledges, portraying themselves as allies in the fight against the global climate emergency.
Canada’s financial heavyweights are trying to convince the federal government to let them keep pumping money into the oil and gas sector, using loopholes unsupported by climate science, confidential documents obtained by Canada’s National Observer reveal.
The Sustainable Finance Action Council (SFAC), whose members include representatives from Canada’s major banks, insurance companies and pension plans, was set up in 2021 to advise Finance Minister Chrystia Freeland on how to best build a sustainable finance market.
For climate activists, the term “Exxon Knew” has settled deeply into the lexicon of climate accountability, shorthand for the contradiction between the oil giant’s long campaign to publicly question climate science and its internal understanding that the science was sound.
Now, new academic research lends statistical rigor to this concept by showing that the company’s own climate projections, dating back decades, consistently predicted the warming that was to come primarily from burning fossil fuels.
Allegations of patronage and a cozy relationship between a billionaire and a Canadian premier are threatening to upend a multibillion-dollar green energy project.
On January 13, Bryan D. Palmer, one of Canada’s most celebrated labour historians, will be giving the inaugural lecture at the opening of the Leo Panitch School for Socialist Education. In this essay, Palmer introduces the themes he will be elaborating in his talk.
This is not to reinforce the far-right conspiracy theories. This does not describe a "conspiracy" but part of the quite open and visible operating procedure of the ruling capitalist class in Canada as well as in the US. The only mystery is why we keep on allowing them to operate it.
