Greenwash of the Week

It’s the time of year when banks put their ‘best foot forward’ and prepare to be scrutinized by their shareholders at annual general meetings (AGMs). It’s a legal requirement, the AGM is held every year where the board of directors is elected, and the highest-ranking staff report to members on previous and future activities. So [...]

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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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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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What is the carbon footprint of my checking account?

RAN released a new report today, “Financing Global Warming: Canadian Banks and Fossil Fuels“, which calculates for the first time the carbon footprint from financing of fossil fuels by 7 leading Canadian banks – RBC, TD, Scotiabank, BMO, CIBC, Desjardins and Vancity.  Along with the report, we also launched a new website, climatefriendlybanking.org. The report [...]

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