When most people first learn that their financial institutions are contributing in major ways to making the climate crisis worse, one of the first questions they typically ask is, so where should I bank then?
Earth Day can feel pretty frustrating when we see fossil fuel companies and the financial institutions that back them continue their multi-billion ad push to mislead the public into thinking that they are taking the kind of climate action we know is needed.
RBC’s annual shareholder did not go as the giant company had planned. Despite attempting to shut naysayers out by cancelling the in-person meeting down – after 5 PM the night before the meeting – Indigenous leaders and other climate oriented activists and shareholders were still heard.
Traditional territories of the Ho-de-no-sau-nee-ga (Haudenosaunee), Anishinabewaki ᐊᓂᔑᓈᐯᐗᑭ, Mississaugas of the Credit First Nation, Mississauga, and Wendake-Nionwentsïo First Nations (so-called Toronto, Ontario, Canada)
In the face of growing opposition to the Royal Bank of Canada (RBC)’s financing of fossil fuel projects including the Coastal GasLink fracked gas pipeline, Canada’s largest bank canceled the in-person portion of their annual shareholder meeting less than 24 hrs before it was scheduled.
As world governments and corporations push back against Putin’s aggression by pulling out of Russian business, many financial giants and investors don’t seem to have a problem propping up Putin’s war machine.