Canadian banks financed $145B in fossil fuels vs. $75B in renewables in 2024.

A new BloombergNEF report reveals a troubling trend: in 2024, Canada’s top banks financed almost $145 billion in fossil fuel projects—nearly twice the $75 billion committed to renewable energy.

🔻 Only National Bank financed more clean energy than fossil fuels.
🔻 RBC quietly backtracked on plans to publish its clean energy ratio.
🔻 TD ranked lowest, with just 31 cents going to renewables for every dollar to fossil fuels.

Critics say Canada is falling behind global climate finance trends, and that voluntary net-zero commitments aren’t working.

Full analysis: https://pvbuzz.com/canadas-top-banks-favour-fossil-fuel-financing/