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Decentralized Democracy

House Hansard - 259

44th Parl. 1st Sess.
November 30, 2023 10:00AM
Context: House Hansard - 259 - Nov/30/23
Ms. Kristina Michaud (Avignon—La Mitis—Matane—Matapédia, BQ)
  • Nov/30/23 10:25:51 a.m.
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Mr. Speaker, a little earlier this year, The Canadian Press reported the following: According to a report, Royal Bank of Canada was the biggest fossil fuel financier in the world last year after providing over $42 billion U.S. in funding in 2022, $3 billion U.S. more than in 2021. Of that amount, $4.8 billion went to the oil sands and $7.4 billion went to hydraulic fracking extraction. According to the same report, since the Paris climate agreement was adopted in 2016, RBC has provided over $253.98 billion U.S. in funding to fossil fuel companies. I am wondering about the climate accountability of these big banks. Does the Government of Canada not also have a responsibility to legislate to force these banks to phase out their investments in fossil fuels and instead encourage investments in clean energy?
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Context: House Hansard - 259 - Nov/30/23
Ms. Kristina Michaud (Avignon—La Mitis—Matane—Matapédia, BQ)
  • Nov/30/23 2:57:47 p.m.
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Mr. Speaker, COP28 starts today and the Liberals have already had time to make another cowardly decision on climate change. Just yesterday, Canada announced that it refuses to include in the final statement that we must one day give up fossil fuels. COP had not even started and Canada was already fighting alongside other petro-monarchies to pollute even more. According to Greenpeace, “The government is severely slowing the global fight against climate change”. Why are the Liberals sabotaging the world's efforts to fight climate change?
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