Carney’s call for stricter investor scrutiny over fossil-fuel financing may have an impact on longer-term investments in the oilsands, and in Canadian pipeline projects and LNG facilities, according to Michael Tims, vice-chairman of Calgary’s Matco Investments. (Financial Post)

Talking point: On Monday, the outgoing Bank of England governor, who will soon take on a new role as the UN special envoy for climate action and finance, demanded global banks justify their continued investment in fossil fuels through open climate disclosures. Investments in Canada’s oil reserves, the third-largest in the world, have already taken a hit after some global financial firms, including Sweden’s central bank and Norway’s largest pension fund, divested their holdings from Canadian oilsands companies. According to the Canadian Association of Petroleum Producers, investment in the oilsands has declined from its peak of $33.9 billion in 2014 to an estimated $12 billion last year.