Business

Canadian banks have made lofty climate promises. Now, like it or not, they have to live up to them — or face the consequences.

Competition Bureau Canada is investigating RBC over potentially misleading claims about its climate commitments.

Sun Life and Manulife have made net-zero promises but continue investing billions of dollars in fossil fuels, new data obtained by Canada's National Observer reveals.

Evan Siddall says AIMCo wants to be a leader in financing the transition to a low-carbon economy, but it won't do that by divesting from fossil fuels as some global pension funds have done.

Three out of four Canadians want auto manufacturers to go electric, even if it hurts those companies' profits. That's according to a recent poll from Abacus Data.

Canada’s five largest banks all risk being kicked out of a United Nations net-zero banking club unless they can develop credible climate plans by next summer.

One in five bank directors also serves on the board of a fossil fuel company, reveals an investigation by Canada's National Observer.

The bank plan met opposition after environmental protesters disrupted its annual shareholder meeting in Manchester earlier this month.

Jane McDonald, executive vice-president of the International Institute for Sustainable Development, said the province needs to electrify its transportation grid and its buildings, increase its manpower on mining more energy-efficient materials, and develop low carbon fuels.

With annual meeting season in the rearview mirror, Canada’s largest banks can agree on one thing: they sure don’t want shareholders influencing environmental policies.

Canada’s emissions reduction plan is “derelict" until it provides a roadmap for how the financial sector will align with climate goals, critics say.

Canadian banks can drop their fossil fuel investments and the economy will survive, says Carbon Tracker founder Mark Campanale, an expert in getting the financial sector on the path to a climate-safe future.

Canada’s biggest banks are responding to climate-related resolutions, offering a peek into how seriously they take the crisis as the annual shareholder meeting season approaches.

RBC has a goal to lend $500 billion worth of "sustainable financing" by 2025. Now the bank is urging shareholders to reject a proposal that would stop it from including fossil fuel companies in that target.

Ditching fossil fuels is a key part of tackling climate change and keeping our planet fit for human life, but Bay Street and Big Oil are standing in the way. Here's everything you need to know.