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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ANC tie-up with EFF will deter investment, warns Investec Bank CEOPolitical uncertainty at its highest level since the end of apartheid, says Richard Wainwright Zimbabwe here we come I'd have thought that 10 hrs of loadshedding a day and the Greylisting we're under would be enough to deter investors. Whoever does decide in spite of all of that to invest in the country must be a die hard. There's no other explanation for investing in this country as it is now Thats why im leaving
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