Fossil fuel sector needs investment to reduce emissions: RBC exec | Globalnews.ca

Trending StoriesEnvironmental groups have called on Canada’s big banks to reduce their lending to the oil and gas sector. A report by Rainforest Action Network shows RBC has spent $201 billion between 2016 and 2021 on lending to and underwriting fossil fuel companies.

But Patrick said investing in “green” companies alone won’t take Canada to net-zero. She says there’s growing recognition among banks that they must also lend to oil and gas companies to support their efforts to clean up their operations and reduce, if not eliminate, the sector’s emissions.A different kind of boom: How Fort McMurray is facing high oil prices in 2022

Leave it. In the ground.

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