Hosted by the Toronto Climate Observatory

Toronto’s financial sector played a major role in financing fossil fuels, according to a report released by the Toronto Climate Observatory. In 2022 alone, top financial institutions provided over $1.43 trillion CAD ($1.1 trillion USD) to fossil fuel companies, contributing to at least 1.44 billion tonnes of CO₂ emissions—nearly twice Canada’s total emissions and almost 100 times that of Toronto. Read the full report here.

Join us for an in-depth discussion on these findings and their implications for the City of Toronto. Researchers will present key recommendations for action, exploring how similar challenges have been addressed in cities like New York, London, Copenhagen, and Auckland.

📅 Date & Time: March 13, 2025 – 4 PM PST / 7 PM EST
📍 Location: Online [Link to be sent to registrants]

Why Attend?

  • Gain insights into the financial sector’s role in the climate crisis.
  • Understand key policy recommendations for Toronto.
  • Explore global city-level climate action models.
  • Engage in a Q&A session with researchers.
  • Connect with the climate community to drive real change.

With the impacts of climate change drastically affecting both Toronto’s summers and winters, mobilizing this research toward concrete policy change is imperative. Join us now to bring these recommendations into reality. Be part of the movement to turn research into real policy change.

Register below to join the conversation!

Header for the Bay Street Climate Report , with the text: A report by the Toronto Climate Observatory, a research hub based at the University of Toronto, found that Toronto’s Financial Institutions were responsible for 1.44 billion tCO2e in 2022.That is almost 100x the City of Toronto’s emissions, and almost 2x Canada’s national emissions. While these numbers are astounding, they are also minimums. Read more about the report and its key recommendation at http://climateobservatory.ca/baystreetclimatemonitor.