RBC

The minister's approval comes with conditions on RBC, including that none of HSBC Canada's 4,000 employees be fired within six months of the closing date, or two years for front-line staff, and that banking services continue to be provided at a minimum of 33 HSBC branches for four years. 

"They're private sector entities for whom their priority is to do what's best for their business. And that doesn't make them evil, but it does mean they don't belong here.”

Right now, Canada’s financial system isn’t on the right track to ensure kids like mine will have a green and equitable future.

While banks and pension plans manage Canadians’ money, the return on investment underperforms expectations when it comes to climate action.

A group of leaders in the agriculture and food industries is launching a national alliance to work toward achieving net zero in Canada's agri-food sector by 2050.

Sustainable finance could be an important step to paying for the energy transition to a climate-safe future, so why is it being used to tear down wind turbines to expand a coal mine?

High housing prices have forced many Canadians to accept that they may never be able to afford buying their own home.

An expansive new study from environmental and Indigenous rights groups has traced billions of dollars worth of investment in oil drilling in the Amazon.

A world with more expansion, more fossil fuels and more emissions is exactly what “net zero” is designed to enable, writes climate justice organizer Amy Mann.

RBC, Canada’s largest bank and the world’s largest fossil fuel financier, is trying to buy HSBC’s Canadian division. If approved, it would be the biggest bank merger in Canadian history.

Over 2,000 signatories have signed an open letter to RBC demanding respect for Indigenous participation, demonstrated by equitable treatment for Indigenous shareholders at its annual general meetings.

Environmental advocacy groups are warning federal watchdogs that RBC's potential acquisition of HSBC Canada will make the country’s banking system more vulnerable to the risks of climate change and slow action to address the crisis.

Trans Mountain will have to repay the banks, with interest, and experts warn it is unlikely the company will be able to repay banks based on the project’s construction costs, tolls and international oil markets.

At the banks' annual general meetings, shareholders voted down resolutions urging stronger climate action despite promises to reach net zero. Is it time for federal regulators to force the banks to fall in line?

Despite promising to play their part addressing climate change, Canada’s Big 5 banks have invested over $1 trillion in coal, oil and gas companies since the Paris Agreement was signed.