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Canada’s controversial climate bill targeting banks gets another airing

TheBanker.com · last updated

Canada’s controversial Climate-Aligned Finance Act, requiring banks to align their financing with the country’s climate commitments, has been reintroduced in the Senate.

Senator Rosa Galvez announced this week that she is reviving the bill with some of its more controversial aspects amended in an effort to get it passed. With the occurrence of more extreme weather events, she said Cafa “is more relevant than ever”.

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