TORONTO (Dow Jones)--Canada's First Nations peoples chastised Royal Bank of Canada (RY) for not doing enough to prevent "an environmental holocaust," at the bank's annual meeting in Toronto Wednesday.
Four aboriginal groups appealed to Canada's biggest bank to use its corporate heft and political influence to stop Enbridge Inc. (ENB) from building a 725-mile pipeline to carry oil from Alberta's tar sands through northern British Columbia to Kitimat, where it would be loaded on tankers for shipment to the U.S. west coast or Asia.
TORONTO—More than 150 people gathered outside the RBC Annual General Shareholder Meeting today to protest the bank’s leading role in funding the contentious Alberta tar sands. People concerned with the impact of tar sands projects on First Nations, water quality and the climate came from every corner of Canada to ensure that the bank heard the message: ‘stop bankrolling the tar sands.’
Toronto- A weeklong buzz around mysterious "please help us Mrs. Nixon" posters in downtown Toronto culminated today at the Royal Bank of Canada's (RBC) headquarters, where Rainforest Action Network (RAN) dropped a 15' x 30' banner appealing to Janet Nixon, the wife of CEO Gordon Nixon. Protestors scaled the 50' flagpole at the main entrance to the RBC headquarters on Bay and Wellington, replacing the flags with the 15' banner, which hung for 2.5 hours as employees, including Gordon Nixon, arrived for work at the bank. The banner and the posters asked for Mrs.
CALIFORNIA (April 22, 2009) –Today, the California Air Resources Board is in the final stages of considering the Low Carbon Fuel Standard (LCFS), the biggest step yet in the state's campaign to slash global warming emissions. California regulators are poised to order sweeping changes to regulate the fuel sold within the state. The LCFS discourages the use of tar sands oil and encourages low-carbon transportation fuels as a way to fight global warming.
VANCOUVER – Activists with the Rainforest Action Network (RAN) and First Nations representatives spoke out against RBC’s record on tar sands both inside and outside the bank’s Annual General Meeting today. Protests provided a stark contrast between the Olympic sponsor’s status as the top financier of the Alberta tar sands, one of the fastest growing sources of water pollution and greenhouse gas emissions, and RBC’s PR promises to promote clean water.