CCL Canada Education Call with Senator Rosa Galvez

Описание: This is a no brainer. Canada must align the financial sector with climate science.

For almost three years, alongside 120 civil society organizations in Canada, we have been working with Senator Galvez on policy to align Canada’s financial system with the climate emergency.

On December 10, 2025, Senator Rosa Galvez shared with us a presentation about the Climate-Aligned Finance Act (CAFA), which was reintroduced in October 2025.

CAFA aims to bring the financial sector in line with the realities of climate change. The new version of #CAFA, Senate Bill S-238, was “strengthened through expert consultations” by removing references to specific capital risk-weights for financing of fossil fuel activities, requiring disclosure but not removal of board members with “climate conflicts,” and “deeming those complying with the new duty to align with climate commitments to carry out their duties under any other enactment.”

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Our webpage for this event
https://canada.citizensclimatelobby.o...

Important Links
The Bill
https://www.parl.ca/Content/Bills/451...

October 29, 2025 Press Release
https://rosagalvez.ca/media/3yjdoqln/...

Our page
https://canada.citizensclimatelobby.o...

#S238 #Senate #Climate #CAFA

You can read more about CAFA here: https://rosagalvez.ca/en/initiatives/...