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S-238 — An Act to enact the Climate-Aligned Finance Act and to make related amendments to other Acts
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S-238
An Act to enact the Climate-Aligned Finance Act and to make related amendments to other Acts
23
ISG
In progress
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BILL S-238
An Act to enact the Climate-Aligned Finance Act and to make related amendments to other Acts
Last activity : At second reading in the Senate
ISG
In progress
Omnibus bill. It changes several different acts, one per part (2 parts). The title names only some of them, so the summary below goes part by part.
Senate · 1st2025-10-28Senate · 2ndSenate · 3rdCommons · 1stCommons · 2ndCommons · 3rdRoyal assent
Sign-in required — one request per person, no anonymous requests
What it does, in plain language
- Sets up a federal framework requiring companies and financial institutions to align their activities with legally defined "climate commitments."
- Adds governance, oversight and reporting duties aimed mainly at banks, insurers and other financial entities.
Part 1new Climate-Aligned Finance Act
- Enacts the Climate-Aligned Finance Act, which sets out the climate commitments that apply to various entities.
- Spells out the obligations these entities must meet as a result of those commitments.
Part 2extra duties for financial entities
- Sets baseline requirements entities must meet to achieve their climate commitments, with greater transparency about their share of the global carbon budget.
- Requires supervisory and regulatory authorities to put in place suitable oversight and capital adequacy rules, given the risks from emissions-intensive activities.
- Requires directors, officers and administrators to align their entity with climate commitments, requires climate expertise on certain boards, and addresses certain conflicts of interest.
- Requires entities to produce action plans, targets and progress reports on their climate commitments.
🤖 AI-generated from the bill’s official text as introduced — may not reflect amendments adopted since.
Registered lobbying
23 communications · 3 organizations
as of Sep 10, 2026
the 10 most recent +
Citizens' Climate Lobby Canada13Saskatchewan Association of Rural Municipalities9Canadian Association of Petroleum Producers1
2026-06-03 · Senate of Canada
Citizens' Climate Lobby Canada
Met with : David M. Wells — Senator
2026-06-03 · Senate of Canada
Citizens' Climate Lobby Canada
Met with : Yuen Pau Woo — Senator
2026-06-02 · House of Commons
Citizens' Climate Lobby Canada
Met with : Adam Van Koeverden — Member of Parliament · Kristina Tesser Derksen — Member of Parliament
2026-06-02 · House of Commons
Citizens' Climate Lobby Canada
Met with : Salma Zahid — Member of Parliament
2026-04-28 · Senate of Canada
Citizens' Climate Lobby Canada
Met with : Clément Gignac — Senator · Toni Varone — Senator · Pierre Dalphond — Senator
2026-04-21 · House of Commons
Saskatchewan Association of Rural Municipalities
Met with : John Barlow — Member of Parliament
2026-04-21 · House of Commons
Saskatchewan Association of Rural Municipalities
Met with : John Barlow — Member of Parliament
2026-04-21 · House of Commons
Saskatchewan Association of Rural Municipalities
Met with : John Barlow — Member of Parliament
2026-04-21 · House of Commons
Saskatchewan Association of Rural Municipalities
Met with : John Barlow — Member of Parliament
2026-04-21 · House of Commons
Saskatchewan Association of Rural Municipalities
Met with : John Barlow — Member of Parliament
Communications reported to the Office of the Commissioner of Lobbying that name this bill. Lobbying is a lawful, publicly registered activity — this count is a fact, not a verdict. Only communications whose description names both the bill number and its title are counted, so the real total may be higher. Registry archive read on September 10, 2026; the Commissioner republishes it about monthly, and we refresh it by hand.
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