Environmental advocacy groups are warning federal watchdogs that RBC's potential acquisition of HSBC Canada will make the country’s banking system more vulnerable to the risks of climate change and slow action to address the crisis.
Trans Mountain will have to repay the banks, with interest, and experts warn it is unlikely the company will be able to repay banks based on the project’s construction costs, tolls and international oil markets.
At the banks' annual general meetings, shareholders voted down resolutions urging stronger climate action despite promises to reach net zero. Is it time for federal regulators to force the banks to fall in line?
Despite promising to play their part addressing climate change, Canada’s Big 5 banks have invested over $1 trillion in coal, oil and gas companies since the Paris Agreement was signed.
“You have offended a high chief, Mr. McKay. I hold you personally responsible for this," Wet’suwet’en Hereditary Chief Na’Moks says, taking aim at RBC's CEO at the bank's annual shareholder meeting.
Inspired by high school climate strikes and building on the success of the university divestment movement, a new era of student organizers is turning its attention to Canada’s banks.
I learned about the role of banks in supporting climate change, and then I moved my money to green investments. Last year, my portfolio beat the oil and gas markets.
Environmental advocacy groups and allied investors are pushing some of Canada’s largest banks toward better climate action using a series of shareholder resolutions.