Posts Tagged ‘RBC’
IEEFA: Canada’s major banks continue funding oil and gas companies despite growing concerns over decommissioning liabilities
This article was written by Omar Mawji and originally published in the IEEFA on May 25, 2022. May 25, 2022 (IEEFA)—Oil and gas companies across western Canada are unable to meet their share of the total $72 billion in future decommissioning obligations even if oil prices stay above $85 per barrel, according to a new…
Read MoreAnnual report shows Canada’s big five pour CA$ 910.84 billion into fossil fuels since the Paris Agreement signed in 2016
This article was written on Wednesday, March 30, 2022, and originally published by Stand.Earth. 13th edition of Banking on Climate Chaos report shows RBC, Scotiabank, CIBC, TD, and Bank of Montreal increased financing of fossil fuels by a combined CAD $61 billion in 2021. All of Canada’s major banks grew support for the fossil sector last…
Read MoreWet’suwet’en Hereditary Chiefs meet Royal Bank of Canada executives, demand the bank stop financing Coastal GasLink pipeline
Wet’suwet’en call on Royal Bank of Canada to revoke financing of Coastal Gas Link pipeline.
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