last year, contributing $42.1 billion to such companies, a new report by a coalition of environmental groups has found.
RBC, one of Canada's so-called"Big 5" banks, has contributed $254 billion to fossil fuel companies since the Paris Agreement, the global climate accord that came into force in 2016. In Canada, this has included a push by Indigenous communities to get major banks to pull their money out of contentious pipeline projects, including the Coastal GasLink pipeline that will cut throughWet'suwet'en hereditary chiefs march to the Royal Bank of Canada headquarters in Toronto to protest the bank's support for Coastal GasLink, April 7, 2022 [Carlos Osorio/Reuters]
Keith Stewart, a senior energy strategist for Greenpeace Canada, also said the new report’s findings showed that"we can no longer simply trust bankers to do the right thing on climate change or Indigenous rights".
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