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ENVI Committee Meeting

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Minutes of Proceedings

Standing Committee on Environment and Sustainable Development (ENVI)
44th Parliament, 1st Session
Meeting 128
Monday, October 28, 2024, 11:00 a.m. to 1:20 p.m.
Webcast
Presiding
Francis Scarpaleggia, Chair (Liberal)

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• Kyle Seeback for Branden Leslie (Conservative)
Library of Parliament
• Alison Clegg, Analyst
• Poonam Jusrut, Analyst
Environment and Climate Impacts Related to the Canadian Financial System
Québec Environmental Law Centre
• Julien Beaulieu, Lawyer and Researcher
As an individual
• Aswath Damodaran, Professor, Stern School of Business, New York University
• Nathan de Arriba-Sellier, Director, Erasmus Platform for Sustainable Value Creation, Rotterdam School of Management, Erasmus University
• François Delorme, Associate Professor
• Alex Edmans, Professor
Canadian Bankers Association
• Darren Hannah, Senior Vice President, Financial Stability & Banking Policy
• Bryan Radeczy, Director, Financial Stability
Greenpeace Canada
• Keith Stewart, Senior Energy Strategist
Pursuant to Standing Order 108(2) and the motion adopted by the committee on Tuesday, October 31, 2023, the committee resumed its study of the environment and climate impacts related to the Canadian financial system.

Nathan de Arriba-Sellier, Keith Stewart, Julien Beaulieu and Aswath Damodaran made statements and answered questions.

Motion

Adam van Koeverden moved, —

That this committee undertake a pre-study on Bill C-73, An Act respecting transparency and accountability in relation to certain commitments Canada has made under the Convention on Biological Diversity. To this end, the Committee hold a minimum of 5 meetings.

  1. Invite the Minister of the Environment and Environment and Climate Change Canada officials;
  2. That this study begin within 7 days of the adoption of this motion.

Debate arose thereon.

Amendment

Monique Pauzé moved, — That the motion be amended by replacing the words “within 7 days of the adoption of this motion” with the following: “following the completion of the witness testimony of the study on the environment and climate impacts related to the Canadian financial system.”.

Debate arose thereon.

Motion

Dan Mazier moved, — That the debate be now adjourned.

The question was put on the motion and it was agreed to on the following recorded division:

YEAS: Laurel Collins, Gérard Deltell, Michael Kram, Branden Leslie, Dan Mazier, Monique Pauzé — 6;

NAYS: Shafqat Ali, Sophie Chatel, Lloyd Longfield, Leah Taylor Roy, Adam van Koeverden — 5.

At 12:17 p.m., the meeting was suspended.

At 12:21 p.m., the meeting resumed.

François Delorme, Alex Edmans, and Bryan Radeczy made statements and, with Darren Hannah, answered questions.

At 1:20 p.m., the committee adjourned to the call of the Chair.



Natalie Jeanneault
Clerk of the committee