Below2C is a proud We Don't Have Time partner to the  Exponential Climate Action Summit - Financing the Race to Zero virtual event on April 22, Earth Day 2021. Finance is about to undergo a major transformation in the next...
The 2021 Banking on Climate Chaos report is the most comprehensive analysis on fossil fuel banking produced to date. Since the Paris agreement in 2016 the Big 5 Canadian banks have funded over $700 billion in fossil fuel projects...
Last week, in a 6-3 decision, the Supreme Court of Canada ruled that the federal government has the right to impose minimum carbon-pricing standards on the provinces—more specifically Saskatchewan, Ontario, and Alberta—that challenged the constitutionality of the Greenhouse Gas...
Despite a massive global drop in fossil fuel demand and production during the pandemic, banks’ 2020 fossil fuel financing numbers still remained above 2016 levels, and the overall trend of the last 5 years is still heading in the...
"Mark Carney is no ordinary banker. He is the banker’s banker, the superstar banker, the George Clooney of banking, possibly even the James Bond of banking," said The Guardian when it recently interviewed Carney about his latest book Values,...
"Polluting industries are overwhelmingly represented on the boards of the UK’s banks by directors with past and current connections to high-carbon and environmentally damaging companies," reports a new DeSmog analysis "prompting concerns that the boards’ personnel pose a systemic...
On March 19th, youth globally and across Canada are taking action telling the world "no more empty promises". They're calling on governments, pillars of the fossil fuel industry, banks, and insurance companies to #ActOnYourPromises and #NoMoreEmptyPromises. (The materials for this...
"On current trends, the probability of staying below 2°C of warming is only 5%, but if all countries meet their nationally determined contributions and continue to reduce emissions at the same rate after 2030, it rises to 26%," tweeted...
Canada's climate talk versus climate action picture is not a pretty sight. In 2015—Paris Round 1—Canada pledged the weakest emissions reduction targets, "only a 15 percent reduction after 40 years,' writes Barry Saxifrage in his latest piece in National...
Thousands of Canadians witnessed the first #FossilBanksNoThanks national action day (this past Friday) exposing the ugly truth that Canada's Big Five banks—RBC, TD, BMO, CIBC, Scotia—are financing the climate crisis. For many, it was a wake-up call. Finding out—for...