RBC chief executive defends climate plan as shareholders criticize record
Advertisement
Read this article for free:
or
Already have an account? Log in here »
We need your support!
Local journalism needs your support!
As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed.
Now, more than ever, we need your support.
Starting at $15.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website.
Subscribe Nowor call circulation directly at (204) 727-0527.
Your pledge helps to ensure we provide the news that matters most to your community!
To continue reading, please subscribe:
Add Brandon Sun access to your Free Press subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $20.00 plus GST for four weeks. After four weeks, your payment will increase to $24.00 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 05/04/2023 (1092 days ago), so information in it may no longer be current.
SASKATOON – RBC chief executive Dave McKay defended the bank’s climate plan at its annual shareholder meeting Wednesday as numerous attendees criticized it for not doing enough.
Speaking at the event held this year in Saskatoon, McKay emphasized the importance of an orderly and stable net-zero transition since shortages of critical needs like food or energy will throw off efforts to rein in climate change.
His comments come as the bank faces a barrage of criticism from those pushing for shareholder resolutions, especially on stronger climate action but also Indigenous rights, racial equity, and executive pay.
Several attendees speaking for the resolutions, including Wet’suwet’en hereditary chief Na’Moks, also criticized the bank for relegating them to an overflow room at the meeting where they were unable to address bank executives in person.
Protesters also gathered outside the meeting, some holding signs calling RBC the “Oil Bank of Canada” and called for the bank to “stop funding eco-cide,” similar to protests held against the bank on the weekend.
McKay thanked those who had spoken at the meeting, saying that he thinks they agree on the destination and that they disagree only on how to get there.
This report by The Canadian Press was first published April 4, 2023.
Companies in this story: (TSX:RY)
Note to readers: This is a corrected story. A previous version had incorrect information on who was in the overflow room.