Skip to content Skip to sidebar Skip to footer

RBC FALLING BEHIND ON CLIMATE

Today the Royal Bank of Canada (RBC) released the next steps of its climate plans as part of its Task Force on Climate-related Disclosures (TCFD) 2021 report. While there are some positive steps, overall RBC is falling behind in its efforts by failing to set 2030 targets for carbon-intensive sectors and by omitting the majority…

Read More

Tough Questions About The CSA Transition Taxonomy

Soon the Canadian Standards Association (CSA) will release its work on what’s called a “transition taxonomy,” essentially a definition-setting exercise for what kind of projects should qualify for transition financing, a branch of “sustainable” financing. The stakes are high. Finance is under increasing pressure to move money away from activities causing the climate crisis and towards those…

Read More

Mark Carney vs. the IEA: Will bankers accept the net-zero math on fossil fuels?

Canada’s banks are coming under increasing pressure for their fossil fuel financing, among the highest in the world. But recently they joined Mark Carney’s Net-Zero Banking Alliance (NZBA) – en masse – so that’s fixed, right? Well not exactly. Or at all, really. Leaked emails show that advisors to the Glasgow Financial Alliance for Net Zero (GFANZ) of which NZBA…

Read More

Join Our Mailing List