Will Canada make firm on its climate commitments at COP27?
At the conference, former Canadian environment minister Catherine McKenna, who is in charge of a UN panel on reaching net-zero emissions, lambasted these same companies for committing to net zero while at the same pushing for new fossil fuel projects.
“We set very clear red lines on greenwashing. This is what you cannot do, if you announce publicly, you put up your hand and you say I’m a climate leader,” McKenna said. “You cannot claim to be net zero by continuing to build or invest in new fossil fuel supply.”
She took particular aim at Canadian companies, which are using record profits to buy back shares and increase executive pay, rather than invest in cleaner energy.
“They ask the government for subsidies and then they say it’s not enough,” McKenna said.
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