Banks' Net-Zero Lending Ambitions Hit Snags in Oil-Rich Canada.

Fossil-fuel lending is a tiny part of the loan businesses for many banks outside of Canada that have also pledged to reach net-zero emissions in lending by 2050. (Bloomberg) -- Canada's banks have only just started on the path toward zeroing-out the carbon emissions of the companies they lend to, and already they're running into conflicts between what climate activists and ESG investors want and what Canada's oil-dependent economy demands of them. [Extracted from the article]