RBC
#1 in Canada for fossil fuel financing.
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RBC is one of the 60 biggest funders of fossil fuels in the world*. In the 8 years since the Paris Agreement, this bank has funneled $256 billion USD into coal, oil, and gas, rapidly accelerating the climate crisis.
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While you’ve been stashing away money for rent or a weekend getaway, RBC has been using your savings to lend to some very questionable fossil fuel friends.
And it's not just a little here and there, we’re talking about $256 billion USD in the 8 years since 197 countries agreed to drastically reduce their greenhouse gas emissions in the Paris Agreement.
RBC is the number 1 financier for tar sands, and the number 8 fossil fuel financier globally in 2023, both in total investments as well as in percentage of its total assets. For fracked oil and gas and financing of fossil expansion, RBC was 'only fifth' globally, in 2023. The last few years RBC has been consistently ranking in the top 5 for arctic oil and gas, fossil fuel expansion, coal power and coal mining.
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