RBC financed tar sands companies to the tune of 5.44 billion U.S. dollars in 2021 alone. Tar sands are also known as oil sands, and are used to produce gasoline and other petroleum products. Companies involved in tar sands production also received 1.97 billion U.S. dollars in financing from JPMorgan in the same year.
Financing of tar sands companies by selected banks worldwide in 2021
(in million U.S. dollars)
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Rainforest Action Network. (April 5, 2022). Financing of tar sands companies by selected banks worldwide in 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1090344/bank-financing-tar-sands-companies-globally/
Rainforest Action Network. "Financing of tar sands companies by selected banks worldwide in 2021 (in million U.S. dollars)." Chart. April 5, 2022. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1090344/bank-financing-tar-sands-companies-globally/
Rainforest Action Network. (2022). Financing of tar sands companies by selected banks worldwide in 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1090344/bank-financing-tar-sands-companies-globally/
Rainforest Action Network. "Financing of Tar Sands Companies by Selected Banks Worldwide in 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 5 Apr 2022, https://www.statista.com/statistics/1090344/bank-financing-tar-sands-companies-globally/
Rainforest Action Network, Financing of tar sands companies by selected banks worldwide in 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1090344/bank-financing-tar-sands-companies-globally/ (last visited December 30, 2024)
Financing of tar sands companies by selected banks worldwide in 2021 (in million U.S. dollars) [Graph], Rainforest Action Network, April 5, 2022. [Online]. Available: https://www.statista.com/statistics/1090344/bank-financing-tar-sands-companies-globally/
