Publicly traded companies could have been forced to disclose how climate change would disrupt their business plans, but those efforts were recently brought to a halt by Canadian financial regulators.
This means that, for the foreseeable future, investors and the public will be armed with less information when determining whether these companies have a real plan to deal with the climate crisis — or are relying on environmentally disastrous business-as-usual scenarios.
The move is a win for some of Canada’s largest oil and gas companies that are listed on the Toronto Stock Exchange and have spent years fighting some of the transparency proposals financial regulators have put forward.
Move your money out of banks funding fossil fuels folks!
Ideally, move to a credit union. Local, ethical, cheaper, and better in every way.
I use Meridian in Ontario and OMISTA in NB and they’ve both been an absolute treat to bank with.
Way better customer service with Meridian than TD or CIBC which I’ve used prior.
Move to EQ Bank, who gives 4% interest on cash you hold. Which is actually fair.
A paltry 10k is 400$ a year, which adds up.