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House Hansard - 185

44th Parl. 1st Sess.
April 26, 2023 02:00PM
Context: House Hansard - 185 - Apr/26/23
Mr. Mike Morrice (Kitchener Centre, GP)
  • Apr/26/23 4:03:32 p.m.
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Mr. Speaker, it is an honour to present a petition on behalf of petitioners who make a very clear case. They state, first of all, that our economic and financial systems depend on a stable climate and that the Bank of Canada recognizes that climate change poses a significant risk to the financial system and the economy. They go on to note that continued financial support for emissions-intensive activities increases future climate-related risks to the stability of financial systems. They note that there has been no significant legislative action on this matter in Canada and that Bill S-243, an act to enact the climate-aligned finance act, was already drafted based on consultation with national and international experts. They then call on the Government of Canada to support the principal concepts of the climate-aligned finance act, of which I will just share two of seven, first, to establish a duty for directors and officers of federal financial institutions to align with climate commitments and to also ensure that climate expertise on certain boards of directors avoid conflicts of interest.
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