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Finance Giants Exit From Fossil Fuels: Canada Must Pick up the Pace

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At the One Planet Summit in Paris this week, the World Bank announced that it would stop investing in fossil fuels after 2019. Insurance giant AXA followed this historic announcement from the world’s largest multilateral bank with a pledge to stop insuring the production of tar sands—one of the most polluting fuels—and associated pipelines, as well as new coal-fired power plant construction projects.

“The world’s big firms know it’s time to invest in renewable energies and accelerate the global transition to clean energy,” said Steven Guilbeault. Canada has yet to prove itself by ending fossil fuel subsidies, which amount to $1.6 billion a year.

For an overview of this week’s climate change talks, be sure to watch our dynamic live conference with Senior Director Steven Guilbeault and Julie Tremblay from the Communications team, streamed on December 13 (video in French only).

Now is the time for Canada to put words into action

It’s been a year since the Pan-Canadian Framework on Clean Growth and Climate Change was established and, it has to be said, the provinces are the ones making concerted efforts to reduce greenhouse gases. It’s time Justin Trudeau’s federal government put words into action. There is still a long way to go to achieve legislation that will allow us to meet our GHG reduction goals and maintain our credibility on the international scene.

Équiterre reminds Quebec of its GHG reduction commitments

Équiterre has also been busy these past few days. On behalf of our members and supporters, we filed comments and presented a brief in an effort to change existing laws, regulations and policies, and to remind the Government of Quebec of its climate change commitments: