RBC found itself a target of activist ire at the bank\u0027s AGM recently and in a report labelling it the top funder of fossil fuels. Read on.
” disapproval during the meeting. Not true. With maybe one exception, no real investors or shareholders spoke at the event, which took place in Saskatoon and online. Instead, the hours were hijacked by organizations whose sole purpose was disrupting the meeting.
Proposal #1 would have required disclosure of the climate impacts of RBC’s merger and advisory work for private transactions. The discussion was led by Emma Pullman, Capital Stewardship Officer with the B.C. General Employees Union . The proposal was defeated by 93 per cent of shareholders . in Louisiana, said RBC practised “environmental racism” and “buys into environmental racism.” She also spoke of when “Black people come in to open accounts and are placed in handcuffs.”Article content
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