Canadian bank CEOs defend investments in oil and gas

Canadian bank CEOs defend investments in oil and gas

The chief executives from Canada’s five biggest banks faced hard questions from MPs on Thursday over their climate commitments and plans to help spur transition to renewable energy. Representatives from RBC, CIBC, TD Bank Group, BMO Financial Group and Scotiabank appeared Thursday before the standing committee on environment and sustainable development. All five attended by … Read more

2024 is the year the world could reach peak coal use. But it’s a tough habit to quit

2024 is the year the world could reach peak coal use. But it’s a tough habit to quit

With the COP28 climate summit now in the rearview mirror, some researchers say the moment is here when coal consumption in power plants around the world will finally peak before beginning a perpetual fall. For more than a century, coal has been used to produce electricity, and to this day remains the workhorse of the global power … Read more