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Climate Change

During question period on climate change, Green MP Elizabeth May asked about large banks’ earlier net-zero financing pledges, saying they did not deliver on them, and asked why new investment promises should be believed. The Liberal side responded that environmental protection and building major projects can both happen, and that the government is working with provinces and territories to reduce duplication and make assessments more efficient while maintaining environmental standards and respecting Indigenous rights.Written by AI from the debate. Updated .

Official text

2 statements

Elizabeth May

Green
“Big banks promised over 100 trillion dollars for clean energy years ago, but they never delivered. Why should we believe the new investment promises made in Toronto will be any different?”
Official Hansard

Mr. Speaker, watching the recent investment summit, I had a sense of déjà vu. At COP26, then UN special envoy on climate finance, our current Prime Minister, announced the Glasgow Financial Alliance for Net Zero. The world’s largest banks and investment firms committed over $100 trillion for the transition to net zero. Five years later, the only net zero is the investments promised by these firms. How will the investments promised at the recent Toronto summit differ from the Glasgow promises?

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Sherry Romanado

Liberal

Linked statement

“We can protect the environment and still build big projects quickly. We are working with the provinces to speed up reviews and cut duplicate rules, while still keeping strong environmental standards and respecting Indigenous rights.”

  • Government answer in Question Period

    Relevance 45 of 100

    None of this answer addressed the specific question that was asked.

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Official Hansard

Mr. Speaker, we do not need to choose between strong environmental protections and building major projects efficiently. We can and must do both. That is why we are working with provinces and territories to cut duplication and make assessments more efficient, while upholding Canada’s world-leading environmental standards and respecting indigenous rights. On top of this, we introduced environmental mapping in our nature strategy to integrate conservation and project planning, to keep nature protected and to build Canada right. Our focus remains on building well, streamlining processes and cutting duplication, not corners.

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