Â鶹ӰÊÓ

Skip to main content

Bank chief executives summoned to House of Commons environment committee

Bank towers are in Toronto's financial district on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Veczan Bank towers are in Toronto's financial district on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Veczan
Share
OTTAWA -

A parliamentary committee has summoned Canada's big five bank CEOs to talk about the environmental and climate impacts of the financial system.

The House of Commons environment committee has set a date of June 13 for the chief executives of RBC, TD Bank, CIBC, BMO and Scotiabank to appear, according to meeting minutes.

A summons, similar to a subpoena, is generally used to compel attendance when invitations to appear are declined.

RBC, BMO, CIBC and Scotiabank all confirmed that their chief executives will attend the committee meeting, while TD did not immediately respond to a request for comment.

The banks have faced scrutiny for their lending practices and environmental track record, including the hundreds of billions of dollars in funding they've provided to fossil fuel companies in recent years.

Banks have made both short and long-term emission reduction targets, but face criticism for not moving fast enough.

This report by The Canadian Press was first published May 17, 2024.

CTVNews.ca Top Stories

The British Columbia election campaign is set to officially start today, with Lt.-Gov. Janet Austin issuing the writ for the Oct. 19 vote.

A northern Ontario man is facing a $12,000 fine after illegally shooting a moose near the Batchawan River.

Unusual flippered feet are making their way into the Saint Lawrence River this weekend. Led by underwater explorer and filmmaker Nathalie Lasselin, volunteer divers are combing the riverbed near Beauharnois in Montérégie to remove hundreds of tires that have been polluting the aquatic environment for decades.

A sea lion swam free after a rescue team disentangled it near Vancouver Island earlier this week.

Local Spotlight

Cole Haas is more than just an avid fan of the F.W. Johnson Wildcats football team. He's a fixture on the sidelines, a source of encouragement, and a beloved member of the team.

Getting a photograph of a rainbow? Common. Getting a photo of a lightning strike? Rare. Getting a photo of both at the same time? Extremely rare, but it happened to a Manitoba photographer this week.

An anonymous business owner paid off the mortgage for a New Brunswick not-for-profit.

They say a dog is a man’s best friend. In the case of Darren Cropper, from Bonfield, Ont., his three-year-old Siberian husky and golden retriever mix named Bear literally saved his life.

A growing group of brides and wedding photographers from across the province say they have been taken for tens of thousands of dollars by a Barrie, Ont. wedding photographer.

Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.

The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.

The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.

It's been a whirlwind of joyful events for a northern Ontario couple who just welcomed a baby into their family and won the $70 million Lotto Max jackpot last month.

Stay Connected