RBC
SFU350 calls on SFU to divest from RBC
Peak Web November 14, 2023By: Eden Chipperfield, News Writer A coalition between SFU350, Climate Justice UBC Vancouver, and independent UBC Okanagan students has rallied to cease RBC’s presence on campus. They are collaborating with Change Course, a movement aiming to end mass financing of the fossil fuel industry. The Banking on Climate Chaos report was published in April and outlines various global banks that finance large fossil fuel companies in 2022. RBC sits at the top of the lengthy list, and is culpable for $38.1 billion USD in fossil fuels investments from last year. Even more funds were funnelled to oil sands projects and…
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Canadian banks reported to have invested $726 billion into oil and gas industries since 2015
News July 2, 2021Written by: Harvin Bhathal, Peak Associate According to the latest Banking on Climate Chaos report, published in March 2021, Canada’s five largest banks have invested $726 billion CAD into the fossil fuel industry since the Paris Agreement — a legally binding…
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