Banks With ‘Net-Zero’ Pledges Are Top Funders of Fossil Fuels

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Banks With ‘Net-Zero’ Pledges Are Top Funders of Fossil Fuels
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'Financial institutions need to be held accountable for their role in financing false solutions.'

in British Columbia, is just one of many funded by RBC that advocates say jeopardize Indigenous health and sovereignty.

“Publicly, RBC spends millions on greenwashed advertising, claiming support for Indigenous rights,” said Richard Brooks, at Stand.earth told the Rainforest Action Network. “In reality, the bank is polluting our communities, bankrolling climate chaos and Indigenous rights violations to the tune of billions.”Even if these banks were able to meet their net-zero pledges, activists like Goldtooth say it wouldn’t be enough: True climate action requires keeping fossil fuels in the ground, not offsetting them.

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