21:36:06 EDT Mon 14 Jul 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Bank of Montreal
Symbol BMO
Shares Issued 724,058,756
Close 2025-04-14 C$ 128.03
Market Cap C$ 92,701,242,531
Recent Sedar Documents

Globe/CP say climate advocates hear BMO's mixed message

2025-04-14 06:36 ET - In the News

The Globe and Mail reports in its Saturday edition that the head of Bank of Montreal defended the bank's climate efforts as it faced shareholder resolutions at its annual general meeting that called for more clarity on its plans. A Canadian Press dispatch to The Globe says investors and activists pushed the bank to disclose how it approaches climate lobbying and policy efforts, and how its renewable-energy financing compared with its fossil-fuel financing, among other resolutions. The meeting on Friday came the same week that BMO again held the annual conference of the Canadian Association of Petroleum Producers in Toronto, which climate advocates said brought the bank's commitment to climate action in doubt. "Associating with CAPP has deeply damaged your credibility with parents across the country," Gabrielle Willms, representing the For Our Kids advocacy group, said at the meeting. "This decision calls into question BMO's commitment to achieving your net-zero targets, and contravenes your own lobbying policy to align with the Paris Agreement." BMO chief executive officer Darryl White said the bank simply wants to hear from all sides, and part of that means meeting with executives from the oil and gas companies.

© 2025 Canjex Publishing Ltd. All rights reserved.