On the same day a new report showing that Canada's banks are among the 'Dirty Thirty' lenders to the global coal industry, RBC—Canada's largest bank—announced it's adding $500 billion to its sustainable financing funds while also committing to net-zero...
"Between January 2015 and September 2019, banks provided loans and underwriting of more than USD 1.7 trillion to key actors in the global plastics supply chain," notes Portfolio Earth in its recent Bankrolling Plastics report. "Banks must no longer...
Thousands of Canadians witnessed the first #FossilBanksNoThanks national action day (this past Friday) exposing the ugly truth that Canada's Big Five banks—RBC, TD, BMO, CIBC, Scotia—are financing the climate crisis. For many, it was a wake-up call. Finding out—for...
Fossil Banks No Thanks is the slogan—rallying cry—for a national action day targeting Canada's five Big Banks for their role in financing the climate crisis. The event, scheduled on Friday, January 29, will expose RBC as the worst Canadian...
A few days ahead of the 5th anniversary of the Paris Agreement, 18 NGOs released Five Years Lost - How Finance is Blowing the Carbon Budget. The report highlights 12 of the most devastating fossil fuel projects that are...
Since the Paris Agreement, Canada’s Big Five banks—RBC, TD, BMO, CIBC, Scotia—have financed fossil fuels over half a trillion dollars (C$641 billion) globally and in Canada they provide the lion share (70%) of the money for Tar Sands expansion...
In a recent conversation with my colleague Magnus L.H. Haslebo the Co-Founder of the Resistance Group Guerilla and the former Head of Communications for the Danish political party, The Alternative, it became clear that while sociopathic corporations’ greed is destroying the...
The Paris Agreement is now five years old. And there's only one decade left for the signatories of the accord to achieve their 2030 emissions targets—Nationally Determined Contributions (NDCs). The economics of climate change (previously published in Yale Climate...
Canada's big banks rack up huge profits each year at the expense of our climate. They are compromising the future of young Canadians by financing fossil fuel expansion. Since the 2015 Paris Agreement, the Big Five—RBC, TD, BMO, CIBC,...
The pressure on the financial sector—banks, pension funds, insurance companies—to join the global movement to tackle the climate crisis is mounting. And the number of campaigns, both large and small, to force the financial world to do its share...