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Stand.earth Climate Finance experts on the 2026 Banking on Climate Chaos report: Fossil fuel financing increase coupled with climate policy rollbacks is concerning

Stand Earth
2 months 1 week ago
GLOBAL – The 2026 Banking on Climate Chaos report, published today, reveals that Canadian banks stand out as playing an outsized role in financing fossil fuel expansion. Financing for oil and gas developers among five Canadian banks—Royal Bank of Canada, Scotiabank, Toronto-Dominion Bank, CIBC and BMO—increased by over 27% in 2025, up to nearly $70 […]
lays

Canada’s AI strategy falls short on protecting communities

Stand Earth
2 months 2 weeks ago
TORONTO | Traditional Territory of the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee and the Wendat Peoples – Canada’s new artificial intelligence strategy announced today fails to address the harm to communities and local environmental impacts associated with rapid data centre expansion. The announcement comes while communities across the country are strongly […]
Cari Barcas

Hype vs. Reality: A Heads of Agreement (HoA) is a not legally binding contract

Stand Earth
2 months 2 weeks ago
Executive Summary Recent announcements by the Canadian Minister of Natural Resources and the B.C. Premier have heavily overhyped a preliminary agreement between the proposed Ksi Lisims LNG project and Germany’s state-owned energy firm, SEFE (Securing Energy for Europe). While framed politically as a major breakthrough for Canadian energy exports, a deeper look reveals that this […]
arin

Ksi Lisims LNG offtake agreement: Bad for Canadians, sign of desperation

Stand Earth
2 months 3 weeks ago
səl̓ílwətaʔɬ (Tsleil-Waututh), xʷməθkwəy̓əm (Musqueam), and Skwxwú7mesh (Squamish) territories (VANCOUVER, B.C.) – In response to Canada Minister of Energy and Natural Resources Tim Hodgson’s expected announcement on Wednesday of a new LNG offtake agreement from Germany for the Ksi Lisims LNG project, Stand.earth Climate Finance Director Richard Brooks issued the following statement: “Although this project has been on the books for […]
Cari Barcas
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