Description: On Friday RBC announced that it would not be funding new oil drilling projects in the Arctic. Neither would the giant bank be financing new coal-fired projects. Andrew Block, speaking on behalf of RBC, said “We are committed to finding ways to balance the transition to a low-carbon economy.” It will be interesting to see how other Canadian banks respond to RBC’s initiative.
Date: October 2, 2020
1) What do you think about RBC’s move?
2) What sort of environmental efforts are students at your campus carrying out?
3) On page 1-26 of Wiley’s Financial Accounting: Tools for Business Decision-Making, you can read about an important section in a company annual report called Management Discussion and Analysis (MD&A). If you were preparing the MD&A for RBC’s next annual report, how would you present this decision on future investments?