Michelle Marcus, an organizer with Banking on a Better Future, noted that RBC also has a significant presence at many Canadian schools. It has on-campus branches at 25 universities and colleges, according to its website, and, in 2017, the bank launched a $500-million, 10-year initiative dubbed Future Launch meant to help young people prepare for careers.
A few weeks later, the student union passed a resolution to, among other things, bring an early end to the sub-licence for the RBC branch in its building; look for new day-to-day banking services for the student union ; and prohibit RBC sponsorship of UTSU events. Block said the bank is “deeply committed to helping fight climate change” and believes that the best way it can help transition to a net-zero world is “by supporting our clients as they reduce their emissions while producing the energy we need today.”
Mathieu Labrèche, spokesperson for the industry association, said banks are focused on helping secure “an orderly transition to a low-carbon economy.”
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