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.
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.
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No, it all stems from the owner class’es pursuit for ever increasing profit. We were happy driving half-sized cars and trucks 15 years ago. We didn’t ask for them to double in size. The automotive industry needed to generate higher profits demanded by their major shareholders and they figured they could achieve that by upsizing vehicles and charge disproportionately more than the increased cost. And this touches just one sector. And then there’s the humongous CO2 personal expenditures of the top of the owner class.
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