Thank you, Mr. Chair.
Thank you to the minister for being here to answer our questions.
The “horizontal initiatives” include funding to establish a sustainable finance action council. The council would include only representatives from Canada's financial institutions. It would exclude climate experts, civil society and indigenous groups from contributing, despite the recommendation from the expert panel report on sustainable finance that they actually be included.
The financial industry has been very slow to address the risks of the climate crisis, and they continue to push for inadequate and voluntary standards. Expert and civil society input on financial reform is critical if we're going to achieve financial regulatory reforms that will help Canada reach its climate targets. I'm curious: Why wasn't the advice of the expert panel report on sustainable finance to include experts and civil society followed?