Today 23% of Enbridge shareholders - equivalent to almost $25 billion - voted in favour of the shareholder proposal submitted by Investors for Paris Compliance (I4PC) regarding strengthening the company’s net zero commitment. More background on the proposal can be found here and on why we filed this proposal here.  Statement by Duncan Kenyon, Director…

Investors for Paris Compliance is working with investors to hold publicly traded companies accountable for developing and implementing science-based, Paris aligned net zero commitments. Such commitments are the foundation of a credible and robust framework for companies to manage the opportunities and risks associated with the economic and political shifts associated with a 1.5°C future. …

Climate Action 100+ (CA100+) “is an investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.” Each year it puts out an evaluation of some of the largest polluters in the world on their progress towards net zero. The CA100+ is an impressive group of investors with major…

Toronto, April 14, 2022 – Enbridge (TSE: ENB) will face a shareholder proposal at its annual general meeting on May 4 regarding the adequacy of its net zero plans. While the company claims to have a net zero strategy, the proposal asks for this to be “science based,” with several measures that would prove it to…

Today 8% of RBC shareholders - equivalent to over $15 billion - voted in favour of the shareholder proposal submitted by Investors for Paris Compliance (I4PC) regarding strengthening the bank's criteria for "sustainable finance." More background on the proposal can be found here and on RBC’s overall net zero plans here. Statement by Matt…

Soon the Canadian Standards Association (CSA) will release its work on what’s called a “transition taxonomy,” essentially a definition-setting exercise for what kind of projects should qualify for transition financing, a branch of “sustainable” financing. The stakes are high. Finance is under increasing pressure to move money away from activities causing the climate crisis and towards those…

Canada’s banks are coming under increasing pressure for their fossil fuel financing, among the highest in the world. But recently they joined Mark Carney’s Net-Zero Banking Alliance (NZBA) – en masse – so that’s fixed, right? Well not exactly. Or at all, really. Leaked emails show that advisors to the Glasgow Financial Alliance for Net Zero (GFANZ) of which NZBA…