The Glasgow Financial Alliance for Net Zero say it wants to align capital with a net-zero world. Or as its leader Mark Carney describes it, the new “plumbing” for the world’s financial system to ensure green investments flow.
More than 90 climate justice organizations have delivered a letter, including ads in major global newspapers, calling on former governor of both the Bank of Canada and the Bank of England Mark Carney to push banks harder to abandon their fossil fuel investments.
The time is now for Canada to invest in retraining to help workers affected by the transition to a greener economy, former Bank of Canada and Bank of England governor Mark Carney said on Monday, September 13, 2021.
None of Canada’s big five banks were founding signatories of the UN-convened Net-Zero Banking Alliance (NZBA) that promised April 21 to align investment portfolios with science-based climate targets starting in 2030.