Royal Bank of Canada plans to triple renewable energy funding to $15bn by 2030 and direct $1bn to climate solutions.
Royal Bank of Canada (RBC) aims to triple renewable energy funding to $15bn by 2030, as it also reported little progress on reducing emissions intensity of its oil and gas financing, according to its latest annual climate report. RBC plans to direct $1bn to climate solutions by the end of the decade and has created a "decarbonization finance" category to guide funding. Despite the climate report, the bank has not disclosed how its total amount of low-carbon energy funding compares to its fossil fuel financing.
March 06, 2024
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