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 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.
The feds are investigating claims made by the Canadian Gas Association about its product being ‘clean’ and ‘budget-friendly.’
The Canadian Gas Association is being investigated for alleged greenwashing after it claimed its product was clean, environmentally friendly and affordable in its Fuelling Canada ad campaign.
Tuesday’s 5.8 tremor occurred in an area where wastewater is injected underground, building pressure over time.
A cluster of tremors, including the largest recorded earthquake in Alberta’s history, may have been due to oil and gas activity in the region.
On Tuesday evening Earthquakes Canada recorded a tremor registering a magnitude of 5.8 on the Richter scale that shook up a large portion of northwestern Alberta and B.C.
Former premier John Horgan said CGL is ‘fully permitted’ and DRIPA is ‘forward looking.’ So what about the three other projects authorized for the North?
At the recent COP27 conference in Egypt, B.C. Environment Minister George Heyman was asked about the future of liquified natural gas in B.C.
COP27 is over, and I am devastated by the magnitude of its failure.
If ever there was a need for decisive action by world leaders, it is now. That is because if we have not already passed the point of no return, we are perilously close.
Yet COP27 produced no commitment to phase out oil and gas production. No commitment to lower greenhouse gas emissions.
COP27 ends with a new promise from wealthy nations to help pay losses and damages to developing countries
Growing up in Ghana, Jamima Baada watched her community, including members of her own family, migrate from one region to another less impacted by climate change.
Now she teaches climate change and human migration at the University of British Columbia.
