Royal Bank of Canada and Fossil Fuels

Canada’s five biggest banks are among the top funders of fossil fuels in the world. Royal Bank of Canada (RBC) is the country’s biggest fossil finance giant and the world’s fifth worst offender.

Since the Paris Agreement was signed in 2016, RBC has poured over $263 billion dollars into climate-destroying fossil fuel companies -- enabling coal, oil, and gas corporations most responsible for the climate crisis.

Together, we can make RBC realize that continuing to finance fossil fuels is environmentally, financially, and reputationally dangerous. Instead of bankrolling tar sands, extreme extraction projects, and violating Indigenous rights, RBC can be a climate leader and financing a safe and livable future.

When we asked our community if they thought we should take on Canada’s Big Banks, 96% answered with a resounding YES. To spark change across the whole financial sector, we are tackling Canada’s biggest fossil fuel financier - RBC.

For years, RBC has been hiding behind empty promises and vague net-zero commitments, greenwashing its brand while investing in coal, oil, gas expansion projects like the Indigenous rights violating Coastal GasLink pipeline. If enough of us speak out, we can force RBC to clean up its act. And if we can get RBC to shift, other banks will follow.

chart.png

RBC is Canada's #1 worst fossil bank and #5 in the world
Media Folder: 

Join the growing campaign to hold RBC accountable for its ongoing financing of fossil fuels.

Pages

Latest Press Releases and Blogs

11, Jun 2022
With music, dancing, and a 4.5 metre-tall inflatable prop of RBC CEO Dave McKay, climate defenders gather to disrupt RBC’s Canadian Open.
RBC finances climate destruction.
06, Jun 2022
With RBC-financed Coastal GasLink drilling imminent, and devastating fires & floods, Canadians bring fossil fuel finance impacts...
Background showing drought land. Red block text reading "Stand.earth releases EACOP case study: a risky pipeline that endangers East Africa"
31, May 2022
New case study unravels financial web between primary backer of EACOP, French company TotalEnergies, North American pension funds, and the...