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House Hansard - 332

44th Parl. 1st Sess.
June 14, 2024 10:00AM
Context: House Hansard - 332 - Jun/14/24
Hon. Steven Guilbeault (Minister of Environment and Climate Change, Lib.)
  • Jun/14/24 11:29:02 a.m.
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Madam Speaker, I would agree with my hon. colleague. We think that bank executives should be doing more when it comes to fighting climate change, and putting money where their mouth is, which is why the Office of the Superintendent of Financial Institutions is putting in place measures to ensure that the officials at banks and other financial institutions disclose their climate risks. We have also committed to and put in place measures to ensure that we have a taxonomy principle in Canada, so we ensure that green investments that are made are actually green.
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Context: House Hansard - 332 - Jun/14/24
Ms. Monique Pauzé (Repentigny, BQ)
  • Jun/14/24 11:36:40 a.m.
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  • Re: Bill C-69 
Madam Speaker, yesterday in committee, we heard from the heads of Canada's five big banks, specifically BMO, Scotiabank, CIBC, the Royal Bank of Canada and TD Bank. They all rank in the top third of the world's oil financiers. It is hard to get an accurate picture of their investments because the other three parties in the House refuse to make them disclose those investments. They all voted against a Bloc Québécois amendment to Bill C-69 requiring the mandatory disclosure of banks' investments in fossil fuels. Why does the government not want to force banks to be honest with the public about their oil agenda?
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