09:17:15 EST Thu 12 Nov 2026
Enter Symbol
or Name
USA
CA



Royal Bank of Canada
Symbol RY
Shares Issued 1,384,028,417
Close 2026-11-11 C$ 290.00
Market Cap C$ 401,368,240,930
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Globe says RBC finds climate action remains underfunded

2026-11-12 07:11 ET - In the News

The Globe and Mail reports in its Thursday edition that trade tensions and geopolitical strife have shifted Canada's policy priorities away from climate change, but major investors say they remain focused on transition to a low-carbon economy. The Globe's Jeffrey Jones writes that Ottawa's deprioritizing climate-related policies suggests a slower pace toward net zero. In a report scheduled for release next week, RBC's Climate Action Institute said its climate action barometer -- measuring policy, capital, industry action, consumer activity, technology and emissions -- fell for the second year in a row. It attributed the decline to policy shifts toward major project development, increased natural gas for power generation domestically and export abroad, and reduced emphasis on carbon pricing. Capital aimed at decarbonization has been flat at $20-billion to $25-billion annually since 2022, well short of the estimated $60-billion a year required for Canada to get to net zero by 2050. However, the notion that emissions reduction costs are onerous to companies appear to be outdated. In a survey of 150 executives, just 11 per cent reported cost increases of more than 15 per cent from implementing sustainability measures.

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