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Suave · 04-20-2023, 12:59 PM

Or have the banks been funding them already.

A report from a coalition of environmental groups shows that Royal Bank of Canada was the biggest fossil fuel financier in the world last year after providing over $42 billion US in funding.

According to the data, Scotiabank ranked ninth globally last year with $29.5 billion US in funding and TD was just behind it at about $29 billion US, while Bank of Montreal ranked 15th and CIBC 16th at $19.3 billion US and $17.9 billion US respectively.

Collectively, the big five Canadian banks doled out almost $140 billion US to fossil fuel developments last year.

04-20-2023, 12:59 PM	#227
Suave Scoring Winger Join Date: Oct 2002 Exp:	Or have the banks been funding them already. A report from a coalition of environmental groups shows that Royal Bank of Canada was the biggest fossil fuel financier in the world last year after providing over $42 billion US in funding. According to the data, Scotiabank ranked ninth globally last year with $29.5 billion US in funding and TD was just behind it at about $29 billion US, while Bank of Montreal ranked 15th and CIBC 16th at $19.3 billion US and $17.9 billion US respectively. Collectively, the big five Canadian banks doled out almost $140 billion US to fossil fuel developments last year.