“For years, the crown corporation has been fueling climate disaster by providing billions each year to oil and gas companies.” – Julia Levin, Environmental Defence
A Statement from Julia Levin, National Climate Program Manager for Environmental Defence, on Export Development Canada’s New Climate Targets
Ottawa | Traditional, unceded territory of the Algonquin Anishinaabeg People – The new climate targets released this July] by Canada’s export bank, Export Development Canada are a disappointment.
For years, the crown corporation has been fueling climate disaster by providing billions each year to oil and gas companies.
The only responsible thing to do is to end public financing to the fossil fuel sector but even as people are fleeing their homes and dying from climate disasters, Export Development Canada has put forth weak promises that fail to really decrease fossil fuel financing.
This plan also, unfortunately, buys into the debunked myth that fossil gas is a “transition” fuel, instead of directing investment to genuine climate solutions.
To read more on the details in Export Development Canada’s latest climate report, click on – [https://www.edc.ca/en/about-us/newsroom/edc-net-zero-2050-update-2022.html]
ABOUT ENVIRONMENTAL DEFENCE (environmentaldefence.ca): Environmental Defence is a leading Canadian environmental advocacy organization that works with government, industry and individuals to defend clean water, a safe climate and healthy communities.
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