Banks on Notice: Dump Enbridge!

As Canadians were casting their votes in the Federal Election, another important decision was playing out in the board rooms of Canada’s top banks: what to do with Enbridge, sponsor of the Northern Gateway Pipeline. Over the last several weeks, RAN  teamed up with First Nations of the Yinka Dene Alliance to put senior banking [...]

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HSBC Takes a Step Away from Tar Sands

This week, HSBC became the second international bank in as many months to take a step away from financing in the Tar Sands. The bank hinted in press reports last year that it was reviewing its tar sands business. Now the London-based bank has come through. In a post to its website, the bank quietly [...]

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RBC Tables an Offer on Tar Sands

A light at the end of the tunnel?Photo:  . SantiMB . via Flickr The tar sands tide may finally be turning at Canada’s biggest bank. RBC is among the largest financiers of Canada’s Tar Sands but so far lacks policies adopted by other banks that seek to limit harm to Indigenous rights, water quality and [...]

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