Thank you very much, Mr. Chair.
Thank you to the witnesses for joining us. We're always so grateful for expertise and for people who do this research for a living and come to our committee to provide us with wisdom and insight.
My first question will be for Professor Dietsch.
Professor Dietsch, earlier this year, our government brought forth Bill C-59, which contains a truth in advertising amendment that requires corporations to provide evidence to support their environmental claims. Subsequent to that, the Pathways Alliance, a group of oil sands companies, removed all of their website and social media content from the Internet.
The Competition Bureau defines greenwashing as false or misleading environmental ads or claims, or environmental claims that seem vague, exaggerated or not accompanied by supporting statements. It's fairly clear that we've seen that type of behaviour or conduct from the oil and gas sector in Canada, but in your view, are there financial institutions in Canada that are also greenwashing when they use broad terms like “sustainable finance” without backing them up with data?