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New analysis shows Big Five Canadian Banks exposed to higher transition risk than global peers - Stand.earth
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New analysis shows Big Five Canadian Banks exposed to higher transition risk than global peers - Stand.earth
New analysis from InfluenceMap’s FinanceMap platform of the 2020–2024 lending and underwriting of the ‘Big Five’ Canadian banks — Royal Bank of Canada (RBC), TD Bank, Scotiabank, Bank of Montreal (BMO), and Canadian Imperial Bank of Commerce (CIBC) — reveals that these banks show persistent high exposure to the fossil fuel sector. Ten years on from the ‘Tragedy of the Horizon’ speech given by then governor of the Bank of England Mark Carney, thi…
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