General Bank of Canada
Your bank falls short in climate responsibility.
General Bank does not provide sufficient information on its lending activities and policies, so we cannot rule out that it lends to fossil fuel companies.
We would like to see General Bank measure the greenhouse gas emissions impact of its lending, set climate targets, introduce green products such as preferential interest rates for purchase of electric vehicles and put in place an explicit policy stating that it will not lend to the fossil fuel industry.
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Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
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