RBC Low-Key Bails on Saving the Planet 🌍📉
RBC scraps sustainable finance commitment. RBC just dipped on their promise to drop $500 billion on saving the earth. They're blaming it on some sus new rules and saying their math was kinda off. Climate activists are not vibing with this at all. Major L for the planet, TBH.
TL:DR
RBC just dipped on their promise to drop $500 billion on saving the earth. They're blaming it on some sus new rules and saying their math was kinda off. Climate activists are not vibing with this at all. Major L for the planet, TBH.
The Tea
Okay, so listen up, fam. RBC, like, that big bank everyone knows? They just pulled a whole U-turn on their promise to throw down $500 billion on "sustainable finance" by the end of the year. Basically, they were tryna look like they were saving the planet, but now they're like, "Nah, we good."
They're saying it's 'cause of some whack new rules, and that Canada's Competition Act is giving them the ick when it comes to flexing about being eco-friendly. Plus, they're tryna say their own methods for measuring their "sustainable" moves weren't even hitting right. Shady, right?
And get this: they're also straight up ghosting on telling us how their investments in dirty energy compare to clean energy. They also aren't gonna spill how far along they are in giving $35 billion for low-carbon energy by 2030. Like, what are they hiding?
RBC is still tryna gaslight everyone, saying they're "committed to sustainable finance" and will keep telling us about their climate stuff "in a clear and transparent manner." But honestly, it just sounds like cap.
One climate finance director is already dragging them, saying that these fake woke voluntary promises ain't it, and that we need to speed up the real rules. I mean, facts. This whole situation is giving "major yikes."
Abbreviations Glossary
| Abbreviation | Full Form |
|---|---|
| Low-key | Kind of, slightly. |
| Dipped | Left, backed out. |
| Sus | Suspicious. |
| Not vibing | Not liking, not agreeing with. |
| Major L | A big loss. |
| TBH | To be honest. |
| Threw down | Invested. |
| Eco-friendly | Environmentally responsible. |
| Straight up ghosting | Completely stopping communication or disclosure. |
| Gaslight | Manipulate someone into questioning their own sanity. |
| Cap | Lie. |
| Dragging them | Publicly criticizing someone. |
| Fake woke | Appearing socially conscious but not genuinely committed. |
| Ain't it | Not good, not effective. |
| Facts | Agreed. |
| Major yikes | A very awkward or concerning situation. |
| The ick | Feeling of disgust. |