Climate mandates for Bank of Canada, Export Development Canada, and public pension funds.
K, wonk alert! But this is huge. Massive fossil fuel subsidies flow through these agencies - our CPP is invested in toxic US fracking plays!
De-carbonizing public finance = 🧡🧡🧡
Of course, there are elements of the platform I wish went even further.
As I shut my window to keep the wildfire smoke out, and lock the heatwave in, I want even faster, deeper targets.
And new crown corporations will be necessary: the market ain't gonna fix this.
When the costing comes, I hope it signals a level of public investment that would kickstart “rapid, far-reaching and unprecedented changes in all aspects of society” (IPCC 2018). In less than a decade.
That's the spirit of a #GreenNewDeal and it's there in the platform!
Time to confront all our emergencies with solutions that are big enough to actually solve them, while leaving no one behind.
That's a key message of the climate justice movement.
And for me, the fact that the #NDP is connecting to that energy is a very big deal.
End of 🧵.
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