Above Ground

Items tagged "fossil fuel financing"

Questions remain over Canada’s phase-out of overseas fossil fuel finance

Above Ground has written to Export Development Canada and the trade minister seeking clarification regarding the government’s new guidelines for implementing the Glasgow Statement. The statement, signed by dozens of countries at the 2021 UN climate talks, commits signatories to ending direct financing for the overseas fossil fuel sector.

Export Development Canada must account for its climate impacts

With the trade minister currently preparing her annual statement outlining Ottawa’s policy expectations for Export Development Canada, Above Ground has sent her the following letter urging the government to place the highest priority on making this Crown corporation accountable for its global climate impacts.

Submission to Parliament: Ending Canada’s Public Finance for Fossil Fuels

Canada is the largest public financier of fossil fuels in the G20, funnelling billions of dollars in support every year into an industry that must be wound down to avert severe climate breakdown. In this submission to a parliamentary committee, we call for an immediate, legally binding end to all public financial support for fossil fuels.