A new report from Greenpeace Canada shows how the fossil fuel industry-backed assault on banks’ climate commitments has only highlighted the urgent need for governments to step in and regulate the financial sector – in 2022, the five biggest Canadian banks provided 20.4 percent of funding that went to fossil fuels from the 60 largest banks in the world, up from 13.8 percent in 2016. The new Greenpeace report, What to do about Canadian Banks ‘Quiet Quitting’ their Climate Commitments, details how Canadian banks, who were already on track to be kicked out of the UN’s Race to Zero initiative for greenwashing, are using the attacks on ESG as an excuse to ‘quiet quit’ their climate commitments.