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Decentralized Democracy

House Hansard - 332

44th Parl. 1st Sess.
June 14, 2024 10:00AM
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?
113 words
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Context: House Hansard - 332 - Jun/14/24
Ms. Monique Pauzé (Repentigny, BQ)
  • Jun/14/24 11:37:47 a.m.
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Madam Speaker, I would like to know whether it is optional or not, but anyway. These three parties are deliberately turning a blind eye to fossil fuel funding. Just last year, Canada's five big banks invested $142 billion in the industry. The CEO of Scotiabank spoke for all five when he said, “We should move away from emission reductions at all costs”. Bankers speak the same language and share the same goal as the oil companies; they want to profit as much as possible from pollution. We want to force the banks to disclose their dirty oil assets. The other three parties want them to invest in secrecy. Why?
113 words
  • Hear!
  • Rabble!
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