SoVote

Decentralized Democracy

Senate Bill

Bill S-243

44th Parl. 1st Sess.
May 04, 2023
Enacting Climate Commitments Act
  • Bill S-243, also known as the Climate-Aligned Finance Act, establishes climate commitments and obligations for various entities, primarily financial entities, in relation to them. The legislation recognizes the risk of climate change and aims to align financial flows with climate commitments. It also requires certain federally regulated entities to mitigate and adapt to the impacts of climate change and supports investment in energy efficiency, clean energy, and clean technologies while phasing out investments in emissions-intensive activities. The Act includes reporting requirements, capital adequacy guidelines, conflict of interest rules, and enforcement measures. Related amendments to other Acts are also included.
  • H1
  • H2
  • H3
  • S1
  • S2
  • S3
  • RA
  • Yea
  • Nay
  • star_border