Untangling the relationship between fossil fuels and finance
One in five bank directors also serves on the board of a fossil fuel company, reveals an investigation by Canada's National Observer.
scotiabank
Canada’s biggest banks quietly prop up TMX
Canada's biggest banks are behind a controversial loan to the massively over-budget oilsands pipeline, new data reveals.
Where should climate-concerned Canadians bank?
Climate-concerned Canadians can take action against fossil fuel-funding banks by shifting their business elsewhere, writes Matt Price of Investors for Paris Compliance. But where should you take your dollars?
Canada’s banks are making net-zero pledges — and billions in fossil fuel deals
As the world navigates an energy transition, Canada’s bankers find themselves neck-deep in oil money with a choice to make: Turn their backs on fossil fuels or keep financing the very activity threatening all life on Earth.
Canada’s biggest banks shoot down climate resolutions at annual meetings
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.
Greenpeace throws Scotiabank a climate action party
The shareholders who show up in person to such events got an early morning dose of dancefloor bass from Greenpeace climate protesters outside Scotiabank’s annual general meeting on Tuesday.
Liberals may find more spending room in budget created by rising oil prices
The federal government may find itself with billions more in spending room on the back of soaring oil prices that experts say could lower the deficit, or give the Liberals space to fund a bevy of campaign pledges.
As AGM season gets closer, banks signal how seriously they take climate — or not
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.
Banks’ charitable donations called a smokescreen for fossil fuel investments — and a turnoff for young customers
Canadian banks are using “strategic philanthropy” to paper over growing climate concerns in an attempt to lock in young customers for life.
Private capital wants in on the green transition with trillions in the bag
The Glasgow Financial Alliance for Net Zero say it wants to align capital with a net-zero world. Or as its leader Mark Carney describes it, the new “plumbing” for the world’s financial system to ensure green investments flow.
Canada's big banks are using your funds to play footsie with fossil fuels
As far as activists are concerned, key investment numbers tell the story of a Canadian banking sector that says one thing publicly but continues to invest in fossil fuels away from the spotlight.
Line 3 is cultural genocide at the hands of Enbridge, police and big banks
The original Line 3 pipeline is responsible for the worst inland spill in U.S. history, and even before oil has begun to flow, the new pipeline has caused 28 drilling fluid spills into 12 river crossings, writes Evelyn Austin.
Since Paris was signed, our banks have funded climate chaos to the tune of $700B
Canadian banks have financed oil, gas, and coal companies to the tune of nearly $700 billion since the Paris Agreement was signed, and could be more at risk than they’re letting on.
Canada’s five largest banks have a big problem — fossil fuels
Those holding our savings and mortgages and controlling the flow of money into coal, oil and gas — RBC and the rest of Canadian banking gang — need to wake up and smell the CO2, writes Richard Brooks, climate finance director with Stand.earth.
Studies show Canadian banks not so green on climate change
International analyses suggest Canadian financiers are oiling the wheels of the fossil fuel industry at a far greater rate than their peers.