The failure is a huge blow for climate start-ups after the bank committed US$5 billion in sustainability loans and investments last year
OPINION | However, increased regulation of the oil and gas industry could change the situation
Activist investors and climate campaigners are looking to put pressure on some of the largest financers of fossil fuel expansion
It will be business as usual for the London bank’s Canadian subsidiary, as it’s being sold to RBC
Critics call for climate regulation, not just voluntary initiatives, after GFANZ drops UN Race to Zero targets
Climate finance campaigners were quick to jump on RBC after the bank set intensity-based targets of just 35% by 2030 for the
The federal regulator is investigating the bank's climate claims for "greenwash" as it continued to finance fossil fuel development
Two pension funds leave GFANZ; JPMorgan Chase, Morgan Stanley and Canadian banks consider exit
Regulators are proposing guidelines that would simply require financial institutions to disclose the risks that climate change poses
Financial sector is sidestepping two core principles of the just transition: early shift away from fossil fuels and engaging affected people