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Canada's parliament grills bank CEOs on climate policy in rare meeting

TORONTO (Reuters) - The CEOs of Canada's big five banks on Thursday reassured members of parliament about their commitment to fighting climate change, but said reducing funding for fossil fuel extraction would take time and more works need to be do.

Canada's parliament grills bank CEOs on climate policy in rare meeting

The CEOs of Canada's big five banks on Thursday reassured members of parliament about their commitment to fighting climate change, but said reducing funding for fossil fuel extraction would take time and more works need to be done to reach net zero emissions. In a rare meeting, MPs grilled the heads of Royal Bank of Canada, TD Bank Bank of Montreal, Bank of Nova Scotia and CIBC appeared via videolink before a House of Commons committee to answer questions about any steps their banks are taking to help reduce greenhouse gas emissions and steer away from fossil fuel funding. Canadian banks, among the biggest oil and gas financiers in the world, have come under pressure over recent years with demands to change their lending practices that contribute to climate change.

Canada's parliament grills bank CEOs on climate policy in rare meeting

The CEOs of Canada s big five banks on Thursday reassured members of parliament about their commitment to fighting climate change, but said reducing funding for fossil fuel extraction would take time.

Canada's Parliament Grills Bank CEOs on Climate Policy in Rare Meeting

Political circus overshadows need for serious talk on energy future