Jan. 16, 2023
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.