About The Submission:
Last year at COP26 in Glasgow, UK, Canada joined 39 other countries and institutions — including the US, UK, and Germany — in signing a landmark agreement to stop providing public finance for fossil fuel projects abroad and prioritize support for clean energy by the end of 2022, known as the Glasgow Statement. Yet – with just months to go before the end of 2022 – Canada has still not turned this pledge into action by delivering on a Glasgow-aligned policy. Canada is the largest international fossil fuel financer in the world, providing CDN 13 billion per year on average from 2018 to 2020 – which is over a third (38%) of the signatories’ total for that period.
In the lead up to COP27, the Government of Canada must release a new plan to show how it intends to keep its promises – without any loopholes.