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Is it better to engage with fossil fuel companies or to divest? Banks appear to have voted with their funds, as financing continues to be funnelled to fossil fuel companies that are in expansion mode. Is this what a just, orderly and responsible transition to net-zero emissions by 2050 looks like?
Royal Bank of Canada is targeting cuts in the concentration of emissions from parts of its lending portfolio this decade, while shying away from the stronger, absolute-emissions reductions that other global banks have promised.
CALGARY — Even as a growing number of activists urge financial institutions to take action against climate change by reducing funding to the fossil fuel sector, executives with Canada’s largest bank say this country won’t reach its net-zero goals wit
The CEO of Alberta Investment Management Corp. (AIMCo) says divesting from fossil fuels is the opposite of what pension funds should be doing if they want to help solve the climate crisis.
CALGARY — Two executives from Royal Bank of Canada say financial institutions will need to invest not just in green energy companies, but also in the fossil fuel industry, if Canada is to meet its climate change targets.