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Young activists aren’t just sounding the alarm on climate change, they’re following the money — and pushing for more green investments.
In recent years, demand for green bonds and other sustainable investments has soared around the world, in part thanks to the efforts of youth climate advocates, David McKie reports.
But while several Canadian institutions already issue green bonds, the conversation on sustainable investments at home lags behind jurisdictions like the European Union, and advocates say it’s time for Canada to play catch-up.
The challenge of sustainable finance, however, lies in addressing the elephant in the room: Oil and gas. Should fossil fuel companies be allowed into the sustainability market? Should they be able to one day issue green bonds if they promise to transition to cleaner sources of energy?
Many Canadian activists say no, but some experts suggest it’s worth helping the oil and gas sector reach sustainability.
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