logo
welcome
Global News

Global News

More emissions accountability needed in Toronto’s financial sector: report - Toronto | Globalnews.ca

Global News
Summary
Nutrition label

69% Informative

A new report finds the Toronto financial sector’s emissions impact is much more than what is self-reported.

The report produced by the Toronto Climate Observatory says the 18 largest financial institutions directed more than $1.43 trillion in financing toward fossil fuel companies in 2022 .

It says the total across the group works out to the equivalent of 1.44 billion tonnes of carbon dioxide emissions — twice the amount of Canada 's overall emissions for the year .

VR Score

77

Informative language

80

Neutral language

42

Article tone

informal

Language

English

Language complexity

69

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links