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Fossil fuel sector needs investment to reduce emissions: RBC exec | iNFOnews | Thompson-Okanagan's News Source

CALGARY - Even as a growing number of activists urge financial institutions to take action against climate change by reducing funding to the fossil fuel sector, executives with Canada’s largest bank say this country won’t reach its net-zero goals without the oil and gas sector. ....

Lindsay Patrick , Derek Neldner , Royal Bank , Rainforest Action Network , Strategic Initiatives Lindsay Patrick , Calgary Tuesday , Canadian Press ,

Canada banks face 'greenwashing' claims as oil and gas firms obtain sustainable financing

In the past two years, Canadian banks have increased the amount of sustainability-linked financing (SLF) they extend to oil and gas clients. SLF refers to financing whose cost changes when certain environmental, social and governance (ESG) requirements are met at the company level but does not require the funds themselves to be used for climate-friendly purposes. ....

France General , Matt Price , Lindsay Patrick , Angus Wong , Kevin Ranney , Jamie Bonham , Dominion Bank , Enbridge Inc , Tamarack Valley Energy Ltd , Royal Bank , Toronto Dominion Bank , Paris Compliance ,

Banks' net-zero lending ambitions hit snags in oil-rich Canada

Canada’s banks just started on the path toward zeroing-out the carbon emissions of the companies they lend to, and already they’re running into conflicts between what climate activists and ESG investors want and what Canada’s oil-dependent economy demands. ....

France General , Lindsay Patrick , Matt Price , Jackie Forrest , Kevin Orland , Dave Mckay , Energy Research Institute In Calgary , Canadian Imperial Bank , Oil Sands , Intergovernmental Panel On Climate , Holdings Plc , Intergovernmental Panel On Climate Change , Dominion Bank , Barclays Plc , Citigroup Inc , Royal Bank , Big Five , Nova Scotia , Paris Compliance , Emissions Policy , Imperial Bank , Intergovernmental Panel , Chief Executive Officer Dave Mckay , Clean Fuel Standard , Research Institute ,

Banks offer big climate commitments in 2021, but key details are yet to come

Canada's big banks are still major funders of the fossil fuel industry. It remains to be seen how quickly they are prepared to move toward net zero ....

France General , Lindsay Patrick , Margaret Franklin , Anthony Schein , Keith Stewart , Joe Biden , Partnership For Carbon Accounting Financials , Canadian Imperial Bank , Exxon Mobile Corp , United Nations , European Union , Shareholder Association For Research Education , Td Bank , Royal Bank , Big Five , Nova Scotia , Big Six , Carbon Accounting Financials , Shareholder Association ,

Banks offer big climate commitments in 2021, but key details are yet to come

Canada's big banks are still major funders of the fossil fuel industry. It remains to be seen how quickly they are prepared to move toward net zero ....

France General , Lindsay Patrick , Margaret Franklin , Anthony Schein , Keith Stewart , Joe Biden , Partnership For Carbon Accounting Financials , Canadian Imperial Bank , Exxon Mobile Corp , United Nations , European Union , Shareholder Association For Research Education , Td Bank , Royal Bank , Big Five , Nova Scotia , Big Six , Carbon Accounting Financials , Shareholder Association ,