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 …

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 …