Investors for Paris Compliance is forcing RBC to stare down a resolution that would stop it from greenwashing billions of dollars that the bank bills as sustainable.
Pierre Poilievre loves nothing more than to blame Justin Trudeau for things that aren’t his fault, and that’s especially true with his recent crusade against inflation, writes columnist Max Fawcett.
Barack Obama expressed confidence at U.N. climate talks Monday that the Biden administration will ultimately get its $555 billion climate package through Congress, and faulted U.S. rivals China and Russia for what he called a “dangerous lack of urgency” in cutting their own climate-wrecking emissions.
On Wednesday morning, a draft version of the final agreement to come out of the two-week United Nations climate conference was released. Now, the world waits to see what the final text will hold.
A recent RBC report estimates that in order to catch up and meet its climate targets, Canada will need to invest $70 billion per year into green technologies such as electric vehicle (EV) infrastructure, green hydrogen, carbon capture and renewable energy production. As it stands, the country falls well short of that figure, investing just $10 billion annually.
Damage from increasingly extreme weather events is falling especially hard on developing countries, even though they have done the least to contribute to climate change. At the upcoming UN climate talks, rich nations must begin to compensate them for their mounting losses, writes Bill McKibben.
More than 90 climate justice organizations have delivered a letter, including ads in major global newspapers, calling on former governor of both the Bank of Canada and the Bank of England Mark Carney to push banks harder to abandon their fossil fuel investments.
During the first half of 2021, RBC has been the target of a public pressure campaign spanning from coast to coast — with customers, shareholders, and employees calling on the “worst fossil bank” in Canada to stop financing fossil fuels.