A new front in the fight against climate change is emerging as Canada’s largest bank and top fossil fuel financier, RBC, plans to buy the Canadian arm of one of Europe’s top fossil fuel-financing banks, HSBC.
The proposed deal would see RBC buy HSBC Canada, a subsidiary of the London-headquartered bank HSBC, for $13.5 billion. If the deal goes through, it would mean adding $134 billion worth of assets to RBC’s books, along with more than 130 branches in Canada and over 4,000 employees.
The virtual Canadian launch of Future on Fire: Capitalism and the Politics of Climate Change by David Camfield. This event moderated by Fiona Jeffries and includes conversation and words from Sara Birrell, James Hutt, and Saima Desai. This event is co-hosted by McNally Robinson Booksellers and Fernwood Publishing.
The Calgary-based pipeline company said in an investor presentation Tuesday that it is facing significant cost pressures in Western Canada related to labour costs and shortages of skilled labour, along with contractor underperformance and disputes.
This is being passed on to you via Arctic Sea Ice Forum, What’s New in the Arctic. The forum is a place where scientists studying the arctic get to compare notes. There’s an enormous amount of information there and the scientists report on all the new papers, discussions, technology, etc concerning the Arctic. In the link above, the commentary was: “Another brilliant comprehensive survey of what's going on in the Arctic and in Grønland in the series "Just have a Think".
As the United Nations biodiversity conference draws near, dozens of scientists from 13 countries are calling for protection of the world’s waterlogged, carbon-rich peatlands, a quarter of which exist within Canada’s borders and are threatened by development.
