“Big five” Canadian banks provide big money to fossil fuel industry
by Donald Gutstein | April 29, 2021
Instead of playing a crucial role to help Canada achieve its Paris Agreement targets, Canada’s “Big Five” banks are actually hindering Canada’s progress on climate change. The Big Five banks—RBC, TD Bank, Scotiabank, BMO and CIBC—are among the most powerful corporate entities in Canada, certainly among the largest and most profitable. They‘ve been called a …
Fossilized Finance: How Canada’s banks enable oil and gas production
by Donald Gutstein | April 29, 2021
Despite Canada’s climate change commitments, the country’s “big five” banks continue to finance and support the expansion of fossil fuel industries. In fact, the extent of the banks’ support since the oil price collapse in 2014 shows that this backing hinders Canada’s progress on reducing emissions. These banks are perhaps the most powerful corporate entities …
Canada’s big banks hindering progress on climate change
by Corporate Mapping Project | April 29, 2021
VANCOUVER – Despite Canada’s climate change commitments, the country’s “big five” banks continue to finance and support expansion of fossil fuel industries, says a new Corporate Mapping Project report released today. The extent of the banks’ support since the oil price collapse in 2014 shows how that this backing hinders Canada’s progress on reducing emissions, …
Fracking in BC’s northeast
by Marc Lee | February 23, 2021
Last summer I got out of Vancouver and toured northern BC. While the trip was mostly for pleasure, my inner economist could not resist some industrial tourism and visits to resource towns and major industrial sites that are the heart and soul of BC’s resource economy. Forestry dominates near Prince George, fishing at Prince Rupert, …
