The Royal Bank of Canada took a tiny step toward climate accountability last week. But “showing their work” isn’t the end. It’s barely the end of the beginning.
We are in a climate emergency. IPCC report, by world’s top climate scientists, confirms limited time to take action on climate change. But banks are pouring billions of dollars into fossil fuels-dragging the rest of us back from a transition to a sustainable economy.
Banks can change voluntarily or be forced to...inevitable.
A Vice Chair at the European Central Bank has recently advised banks and financial institutions to make sure their actions and decisions are aligned with keeping global warming well below 2 degrees C or else risk climate lawsuits. I quote:
The lawyers involved in these [climate] cases – be it as counsel, judges, or academics – see that urgent change is needed to protect humanity.
We are in a climate emergency. IPCC report, by world’s top climate scientists, confirms limited time to take action on climate change. But banks are pouring billions of dollars into fossil fuels-dragging the rest of us back from a transition to a sustainable economy.
Banks can change voluntarily or be forced to...inevitable.
A Vice Chair at the European Central Bank has recently advised banks and financial institutions to make sure their actions and decisions are aligned with keeping global warming well below 2 degrees C or else risk climate lawsuits. I quote:
The lawyers involved in these [climate] cases – be it as counsel, judges, or academics – see that urgent change is needed to protect humanity.
https://leahy.substack.com/p/lawyer-up-for-climate