RBC has a goal to lend $500 billion worth of "sustainable financing" by 2025. Now the bank is urging shareholders to reject a proposal that would stop it from including fossil fuel companies in that target.
Delaying climate action leads to higher risks for Canada’s economy and financial sector, warns an analysis released Friday by the Bank of Canada and the Office of the Superintendent of Financial Institutions.
The Glasgow Financial Alliance for Net Zero say it wants to align capital with a net-zero world. Or as its leader Mark Carney describes it, the new “plumbing” for the world’s financial system to ensure green investments flow.
The global climate justice movement focused its protest energy directly on big banks who bankroll new and expanded fossil fuel projects on Friday, with Royal Bank of Canada marked as enemy No. 1 in actions across Canada.
The original Line 3 pipeline is responsible for the worst inland spill in U.S. history, and even before oil has begun to flow, the new pipeline has caused 28 drilling fluid spills into 12 river crossings, writes Evelyn Austin.