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Green economy: Financial sector zigzags

Green financing improves but has a long way to go

BlackRock, the world’s largest investment firm, has indicated that those that don’t tackle climate change will lose money in 5 years. Some financial institutions have made multi-trillion commitments from now to 2030 to invest in the green economy while still focusing the majority of investments in fossil fuels. Canadian banks are among the global top fossil fuel investors.

Fossil fuel sector contrasts: Green transition engaged, but not enough

Not all fossil fuel companies the same

Not all Big Oil firms are alike. Some are engaged in a rapid green migration, many are sitting on the fence and others are still in climate denial. Meanwhile, the value of fossil fuel assets are declining but the industry is camouflaging this by selling assets and debt financing to keep shareholders happy.

As World Prepares For Electric-Car Era, Canada’s Still Blowing Smoke

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Some countries plan on banning or phasing out internal combustion engines within decades. Canada doesn’t even have a national strategy.

It’s Becoming Clear Canada Doesn’t Have A Game Plan For Clean Technology

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Vague, non-specific commitments in recent federal budgets put Canada’s economy at a disadvantage to clean tech giants like China.

When It Comes To Electric Vehicles, China Has Canada Beat On Every Front

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China has become a disruptive, ever-accelerating force driving a global migration of automakers toward zero and low-emission vehicles.