Thank you, Mr. Chair.
This is the second week in a row that Conservatives have brought witnesses to committee who argue against ambitious climate action.
Mr. Pardy published an article criticizing the Supreme Court for stating that climate change is an existential threat to Canada. He posted on the platform X that, “Even if you believe in anthropogenic climate change, there is no rationale for this country to have emission reduction targets of any kind.” The fact that my Conservative colleague Mr. Leslie spent his entire questioning time giving this person space to add their testimony into our report is I think appalling, to be honest.
I'll focus my questions on Senator Galvez.
First of all, I want to say thank you. Thank you for putting forward the climate-aligned finance act. It is an important piece of legislation.
We have OSFI here with us. They brought in their guideline, B-15, that requires financial institutions to improve their governance and risk management practices, but it falls short of requiring them to align with Canada's climate commitments. Can you talk a little bit about why it doesn't go far enough?