RBC keeps pouring billions into fossil fuel expansion despite making net-zero promises. Now, New York City pension plans are trying to force RBC to disclose the full extent of the emissions the bank is responsible for.
A new front in the fight against climate change is emerging as Canada’s largest bank and top fossil fuel financier, RBC, plans to buy the Canadian arm of one of Europe’s top fossil fuel-financing banks, HSBC.
RBC was an “exclusive presenting sponsor” of the annual Truth and Reconciliation Week this year. But as construction crews continue to build Coastal GasLink on Wet'suwet'en territory, Greg Macdougall writes, the problem was in starker view.
Canadian companies are helping drive a wave of fossil fuel expansion in Africa, new data from German climate and human rights group Urgewald shows, and climate advocates say the federal government must step in with strong regulations to turn the tide.
A year after signing onto net-zero banking alliances designed to steer its investments to a climate-safe future, RBC continues pumping billions of dollars into fossil fuel expansion, new data reveals.
Sun Life and Manulife have made net-zero promises but continue investing billions of dollars in fossil fuels, new data obtained by Canada's National Observer reveals.
Canada’s five largest banks all risk being kicked out of a United Nations net-zero banking club unless they can develop credible climate plans by next summer.