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Finance Canada is undermining sustainable investment with a multi-year effort to include fossil fuels in guidelines intended to help capital flow to clean alternatives, climate and finance experts say.
Sustainable Finance Action Council’s members frustrated as Ottawa has yet to implement recommendations for a made-in-Canada taxonomy of climate-focused investments
Relief at some green policies coming into place was counterbalanced by disappointment with the federal government over the timeline on others
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In wake of destructive wildfires, flooding and heat across Canada, think tank SFAC finds companies need to beef up data
An effective taxonomy, if science-based and backstopped by strong enforcement measures, could stem the amount of greenwashing and actually put Canada on a path to net zero.