OTTAWA/TRADITIONAL, UNCEDED TERRITORY OF THE ALGONQUIN ANISHNAABEG PEOPLE — Right now, climate-concerned organizations from throughout Canada revealed an open letter to Mark Carney, calling on the newly elected Prime Minister-designate to future-proof the Canadian economic system by placing ahead climate-aligned finance coverage.
The letter, signed by 57 organizations and people, calls on Canada’s subsequent Prime Minister to make good on his file of inviting monetary actors to the local weather problem-solving desk and take the required subsequent step of championing laws that legally requires their alignment with a steady, climate-safe future forward of an upcoming federal election.
The signatories, which embody among the largest environmental organizations in Canada, spotlight each Carney’s achievements and classes that may be drawn from his time on the UN, the Financial institution of England, and the Financial institution of Canada. The teams argue that he has had a entrance row seat to the significance of defending our nation’s long-term monetary stability with robust laws.
“You had been the clarion name for local weather motion within the monetary system, and we want you to as soon as once more be the smart voice,” the letter states. “Dr. Carney, are you keen to face as much as the U.S. administration and regulate our approach out of pricey unsustainable finance? Will you introduce the required incentives to make sure that Canada doesn’t fall additional into the “tragedy of the horizon” that sacrifices future generations on the altar of short-term revenue?”
The letter highlights that Canada’s Massive Six banks proceed to lag behind world-leading establishments with regards to local weather alignment — pointing to their current mass exodus from the UN-backed Internet-Zero Banking Alliance pledge, behind which Carney was the driving pressure.
Teams add that the previous few months have put the failures of Canadian banks’ self-regulation on full show: “Our monetary establishments have confirmed the intrinsic limits of self-regulation — making it clear that voluntary commitments won’t place Canada to construct the robust economic system we have to meet the pricey threats of local weather change, affordability, and disruptive actions south of our border.”
Greater than a thousand individuals have already referred to as on leaders of Canada’s federal events to incorporate climate-aligned finance coverage of their respective election platforms.
Karine Peloffy, Sustainable Finance Lead at Ecojustice mentioned: “As Canada braces to climate the literal storms of a altering local weather, in addition to financial and political storms, we want to our subsequent Prime Minister to fulfill the second with braveness and forward-looking management. Dr. Carney himself has warned that Canada is a world laggard on climate-related monetary coverage. There may be an pressing and overdue have to modernize our monetary system into one which works for us, not towards us. We’re relying on Prime Minister-designate Carney to place ahead climate-aligned finance laws that may assist Canada leapfrog the U.S. to scrub power and genuinely future-proof our economic system.”
Grand(m)others Act To Save The Planet (GASP) agrees that local weather change is the “final betrayal of intergenerational fairness.” We can’t go away future generations with an enormous environmental deficit. That’s why we urge the federal authorities to cross insurance policies that require all Canadian monetary establishments to align their lending and investments with Canada’s local weather objectives.
Keith Stewart, senior power strategist with Greenpeace Canada mentioned: “With Canadian banks’ exodus from the UN-backed local weather membership that Carney helped create, the restrictions of counting on banks to do the proper factor voluntarily is unmistakable. Similar to after the monetary crashes of 1929 and 2008, we want governments to step in to avoid wasting the banks from their very own short-sightedness by requiring them to align their lending with our local weather objectives. This implies shifting loans and investments out of fossil fuels and into local weather options.”
Béatrice Vaugrante, government director of Oxfam-Québec mentioned: “Oxfam-Québec sees on daily basis the devastating influence of local weather change on populations and communities who already face a number of different crises like meals insecurity and rising armed conflicts. Mark Carney should be sure that the financial responses from Canada and the provinces are enshrined in real engagement for inclusive sustainable finance by reinforcing laws to oblige banks to behave, and committing to Paris settlement and worldwide human rights and humanitarian regulation so crises cease to broaden’’
David Roy, Govt Director of Workshops for Biodiversity mentioned: “Even when forward-thinking monetary establishments could also be dedicated to lowering their local weather and biodiversity influence, an uneven enjoying subject undermines their efforts. Robust and clear authorities insurance policies are essential to make sure that all establishments align with local weather objectives. With out such regulation, Canada dangers prioritizing short-term income on the expense of long-term stability, threatening each our economic system and setting.”
A full copy of the open letter, together with the checklist of signatory organizations and people, is obtainable at: https://ecojustice.ca/open-letter-to-mark-carney-when-our-neighbours-backslide-do-better-and-future-proof-our-economy/
About
Ecojustice makes use of the ability of the regulation to defend nature, fight local weather change and struggle for a wholesome setting. Its strategic, public curiosity lawsuits and advocacy result in precedent-setting courtroom choices, regulation and coverage that ship lasting options to Canada’s most pressing environmental issues. As Canada’s largest environmental regulation charity, Ecojustice operates places of work in Vancouver, Calgary, Toronto, Ottawa and Halifax.
For media inquiries:
Laura Bergamo, Communications Campaigner, Greenpeace Canada [email protected] ; +1 438 928-5237
Cari Siebrits, Communications Strategist | Ecojustice
(647) 620-1212, [email protected]
OTTAWA/TRADITIONAL, UNCEDED TERRITORY OF THE ALGONQUIN ANISHNAABEG PEOPLE — Right now, climate-concerned organizations from throughout Canada revealed an open letter to Mark Carney, calling on the newly elected Prime Minister-designate to future-proof the Canadian economic system by placing ahead climate-aligned finance coverage.
The letter, signed by 57 organizations and people, calls on Canada’s subsequent Prime Minister to make good on his file of inviting monetary actors to the local weather problem-solving desk and take the required subsequent step of championing laws that legally requires their alignment with a steady, climate-safe future forward of an upcoming federal election.
The signatories, which embody among the largest environmental organizations in Canada, spotlight each Carney’s achievements and classes that may be drawn from his time on the UN, the Financial institution of England, and the Financial institution of Canada. The teams argue that he has had a entrance row seat to the significance of defending our nation’s long-term monetary stability with robust laws.
“You had been the clarion name for local weather motion within the monetary system, and we want you to as soon as once more be the smart voice,” the letter states. “Dr. Carney, are you keen to face as much as the U.S. administration and regulate our approach out of pricey unsustainable finance? Will you introduce the required incentives to make sure that Canada doesn’t fall additional into the “tragedy of the horizon” that sacrifices future generations on the altar of short-term revenue?”
The letter highlights that Canada’s Massive Six banks proceed to lag behind world-leading establishments with regards to local weather alignment — pointing to their current mass exodus from the UN-backed Internet-Zero Banking Alliance pledge, behind which Carney was the driving pressure.
Teams add that the previous few months have put the failures of Canadian banks’ self-regulation on full show: “Our monetary establishments have confirmed the intrinsic limits of self-regulation — making it clear that voluntary commitments won’t place Canada to construct the robust economic system we have to meet the pricey threats of local weather change, affordability, and disruptive actions south of our border.”
Greater than a thousand individuals have already referred to as on leaders of Canada’s federal events to incorporate climate-aligned finance coverage of their respective election platforms.
Karine Peloffy, Sustainable Finance Lead at Ecojustice mentioned: “As Canada braces to climate the literal storms of a altering local weather, in addition to financial and political storms, we want to our subsequent Prime Minister to fulfill the second with braveness and forward-looking management. Dr. Carney himself has warned that Canada is a world laggard on climate-related monetary coverage. There may be an pressing and overdue have to modernize our monetary system into one which works for us, not towards us. We’re relying on Prime Minister-designate Carney to place ahead climate-aligned finance laws that may assist Canada leapfrog the U.S. to scrub power and genuinely future-proof our economic system.”
Grand(m)others Act To Save The Planet (GASP) agrees that local weather change is the “final betrayal of intergenerational fairness.” We can’t go away future generations with an enormous environmental deficit. That’s why we urge the federal authorities to cross insurance policies that require all Canadian monetary establishments to align their lending and investments with Canada’s local weather objectives.
Keith Stewart, senior power strategist with Greenpeace Canada mentioned: “With Canadian banks’ exodus from the UN-backed local weather membership that Carney helped create, the restrictions of counting on banks to do the proper factor voluntarily is unmistakable. Similar to after the monetary crashes of 1929 and 2008, we want governments to step in to avoid wasting the banks from their very own short-sightedness by requiring them to align their lending with our local weather objectives. This implies shifting loans and investments out of fossil fuels and into local weather options.”
Béatrice Vaugrante, government director of Oxfam-Québec mentioned: “Oxfam-Québec sees on daily basis the devastating influence of local weather change on populations and communities who already face a number of different crises like meals insecurity and rising armed conflicts. Mark Carney should be sure that the financial responses from Canada and the provinces are enshrined in real engagement for inclusive sustainable finance by reinforcing laws to oblige banks to behave, and committing to Paris settlement and worldwide human rights and humanitarian regulation so crises cease to broaden’’
David Roy, Govt Director of Workshops for Biodiversity mentioned: “Even when forward-thinking monetary establishments could also be dedicated to lowering their local weather and biodiversity influence, an uneven enjoying subject undermines their efforts. Robust and clear authorities insurance policies are essential to make sure that all establishments align with local weather objectives. With out such regulation, Canada dangers prioritizing short-term income on the expense of long-term stability, threatening each our economic system and setting.”
A full copy of the open letter, together with the checklist of signatory organizations and people, is obtainable at: https://ecojustice.ca/open-letter-to-mark-carney-when-our-neighbours-backslide-do-better-and-future-proof-our-economy/
About
Ecojustice makes use of the ability of the regulation to defend nature, fight local weather change and struggle for a wholesome setting. Its strategic, public curiosity lawsuits and advocacy result in precedent-setting courtroom choices, regulation and coverage that ship lasting options to Canada’s most pressing environmental issues. As Canada’s largest environmental regulation charity, Ecojustice operates places of work in Vancouver, Calgary, Toronto, Ottawa and Halifax.
For media inquiries:
Laura Bergamo, Communications Campaigner, Greenpeace Canada [email protected] ; +1 438 928-5237
Cari Siebrits, Communications Strategist | Ecojustice
(647) 620-1212, [email protected]
