Canada Pension Plan Investments has dropped a net-zero by 2050 target for carbon emissions, according to an annual report released on Wednesday, following several Canadian financial institutions that have backtracked on climate commitments.
Several major Canadian banks, including BMO, TD Bank and CIBC, have also backtracked on climate commitments this year, announcing they were leaving a Net-Zero Banking Alliance backed by the United Nations.
Organizations with enough money do have the power to influence humanism. It makes roi in long term if human sustainability actually is winning policy. It is only a mistake to backtrack on financially if raping planet asap is policy to support.