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.
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.
Website Editor: A great summary of Canada's fossil fuels situation and politics in this article.
Nov. 22, 2022
Canada wants to be the last country producing fossil fuels, even if it kills us
COP27 is over. The UN summit took one big step forward on climate justice with the creation of a loss and damage fund for the most impacted nations, while taking two enormous steps backwards by failing to call for a phaseout of all fossil fuels.
Eriel Tchekwie Deranger’s home community of Athabasca Chipewyan First Nation is in what she calls a “sacrifice zone.” The nation borders the oil production epicentre of Canada: the oilsands, which leak toxic chemicals and wreak havoc on local ecosystems.
Canada's failure to reduce climate pollution has left us far behind most of our peer nations. The primary cause of this failure has been surging emissions from our oil and gas industry. Unfortunately, it’s not the only Canadian sector with stubbornly rising emissions.
