March 23, 2023
The fossil banks movement is going mainstream
Climate activists in over 100 cities across the US held boisterous rallies in front of banks this week to demand that top US lenders stop financing the expansion of the fossil fuel sector.
Updates
March 21, 2023
RBC financing of fossil fuel expansion jumps 45%
On the same day as the latest sobering report from the IPCC made headlines around the world – with clear directives on the need to cut emissions dramatically this decade – Stand.earth released new data showing that RBC’s financing of fossil fuel expansion projects increased by alomst half last year.
March 7, 2023
RBC is running back to Saskatoon. So are we!
Powerful companies like RBC are held accountable to their shareholders once a year at a legally required Annual General Meeting (AGM).
March 6, 2023
University campuses across Canada reject RBC
Last week, 11 campuses across Canada held actions at RBC on-campus branches, demanding they stop destroying our climate and violating Indigenous rights.
February 16, 2023
Barclays Bank ditches Canadian oilsands finance
Yesterday, Barclays, Europe’s largest financier of tar sands companies, announced its commitment to end financing of tar sands producers, as well as ban further financing of new oil sands pipelines.
February 6, 2023
RBC is Canada’s biggest backer of toxic Adani bonds
One of the biggest business stories of 2023 has been the collapse in value of India’s Adani Group, and the wealth of its CEO Guatam Adani, after accusations of fraud.
January 27, 2023
New York Pension joins campaign to push RBC on climate
One of the world’s biggest investors is tired of RBC’s greenwash on climate, and has filed shareholder resolutions at RBC and other US Wall Street firms demanding they set stricter emissions reduction targets.
January 24, 2023
Banks funding for renewables is shockingly low – especially RBC
A new report released today shows how shockingly low major banks’ funding of the green energy transition really is.
December 15, 2022
HSBC to Phase out Oil and Gas finance – huge win
Thanks to pressure from thousands of people, UK banking giant HSBC is going to stop lending money to new fossil fuel fields, anywhere in the world.
December 9, 2022
Two Bad Fossil Banks as One – RBC tries to buy HSBC
RBC recently announced they intend to acquire the Canadian banking arm of HSBC Bank for $13B.