A long list of celebrities from the film, television, sports and music industries has sent a letter urging City National Bank’s parent company, Royal Bank of Canada, to defund the Coastal Gas…
CNB, dubbed the “Bank of the Stars,” is a wholly-owned subsidiary of RBC, the lead financier of the Coastal GasLink pipeline. RbC acquired CNBin 2015,
The letter states, “Despite claiming to be a leader in climate conscious banking, since acquiring CNB in 2015, RBC has spent over $160 billion to become one of the world’s largest and most aggressive financiers of tar sands, fossil fuel extraction, and transport.”
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