RBC faced questions on fossil fuel financing and Indigenous rights at its shareholder meeting, where protesters rallied, while its CEO outlined plans to reduce emissions and triple renewable energy funding.
Royal Bank of Canada (RBC) faced questions on its financing of fossil fuel businesses and Indigenous rights at its annual shareholder meeting, where dozens of protesters rallied outside. RBC's CEO, Dave McKay, acknowledged the need to evolve and outlined several major policy rollouts since its last AGM, including an early outline of how it plans to work with clients to reduce their emissions and a commitment to triple renewable energy funding. Critics argue the bank is still not doing enough as it continues to lend billions to oil and gas companies.
April 11, 2024
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