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Opinion: Canada’s new green taxonomy distorts capital markets

Lenders and investors don't need official rankings of how green different companies's investments are. They need free capital markets

Though Prime Minister Mark Carney talks about making Canada an energy superpower he has quietly set in motion a bureaucratic exercise that could reshape how and even whether private capital flows to Canadian energy and industry.

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Mandated and funded by the Department of Finance, Business Future Pathways has released a draft “green taxonomy” methodology that proposes criteria to rank economic activities as “green,” “transition” or “abatement.” Dressed up as investor guidance, it’s another instrument of climate-aligned finance that will raise costs, distort capital allocation and squeeze conventional energy projects.

Business Future Pathways........

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