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National Post
National Post
14 Jun 2024


NextImg:Bank CEOs push back on MP calls to reduce oil and gas funding: 'Just stop is just not an option'

The CEOs of Canada’s five biggest banks stuck to the message that they’re committed to help in the energy transition as they were questioned by a parliamentary committee Thursday about their impacts on climate change.

The leaders of Royal Bank of Canada, TD Bank Group, BMO Financial Group, Scotiabank and CIBC pushed back against MPs who said they were making the problem worse by funding the oil and gas industry to the tune of more than a hundred billion a year, and challenged them to cut back.