November 8, 2022
RBC new fossil fuel finance exceeds $9.2 billion since last year’s COP
Today our partner Stand released new data that shows RBC’s funding of fossil fuels has increased since it joined the UN climate finance network a year ago.
Updates
November 1, 2022
Dave McKay gets award he deserves
This week dozens of youth from Banking on a Better Future and others organized a rally outside the Ritz Carlton Hotel, where RBC’s CEO, Dave McKay, was receiving the Ivey “Business Leader of the Year” award.
October 26, 2022
RBC’s 2030 climate targets are a ‘sham,’ say Indigenous & environmental groups
October 26, 2022 – Indigenous-led and environmental groups slammed today’s RBC 2030 climate targets as a “sham” that fails to meet government or science-aligned targets.
October 13, 2022
Huge pushback in Quebec for RBC logo on “holy” Habs jersey
This past September, the Montreal Canadiens and RBC announced a multi-year partnership agreement that will feature the RBC logo on the players’ jerseys during their home games at the Bell Centre, starting this season.
October 12, 2022
RBC under investigation by Competition Bureau for greenwashing
RBC is now under investigation for alleged misleading advertising related to the bank’s commitments on climate action while continuing to finance fossil fuel development, Canada’s Competition Bureau has confirmed.
October 6, 2022
Open letter to Dave McKay on real leadership
Photo credit: Stella Racca, Instagram: @stella_by_starlight__
RBC CEO Dave McKay recently told the Toronto Star editorial board that RBC – the world’s 5th biggest funder of fossil fuels – was a climate leader.
October 2, 2022
Should banks be penalized for investing in oil and gas?
After the Toronto Star ran a questionable editorial board interview featuring RBC CEO Dave McKay earlier this week, it was good to see a column that connected the dots between recent climate related disasters, record profits from oil and gas companies, and banks like RBC who continue to fund the endless expansion of fossil fuels that a climate safe world can no longer afford.
September 2, 2022
RBC, other big 5 banks risk being ejected from UN climate club
In the run-up to the UN climate summit last November, Canada’s banks were among the last mainstream banks to join the Mark Carney-led global climate banking alliance.
August 18, 2022
New report on banks “Redwashing” Indigenous practices
A new report out this week from the Yellowhead Institute dives into the Indigenous practices and policies at Canada’s big 5 banks, including RBC.
July 29, 2022
Banks far from hitting Paris climate targets, global investor group warns
A new report out today from the Transition Pathways Initiative shows how far global banks are from meeting their climate commitments.