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GOOD NEWS! Royal Bank of Canada Steps Away From Tar Sands With Support for First Nation Rights

Business  (tags: business, oil sands, financing, GoodNews, goodnews, indigenous rights, environment, corporate, ethics, politics, society, news, finance, money, economy )

- 3121 days ago -
Top financier of tar sands announces new environmental and social standards


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patricia lasek (317)
Friday December 31, 2010, 5:15 am
This is GREAT news!

Ramona Thompson (210)
Friday December 31, 2010, 10:33 am
Noted. This sounds good on the surface, but how many times have the rights of indigenous people been taken away by those who want their lands? Be vigilant.

. (0)
Friday December 31, 2010, 11:49 am
I used to know a lot of the trades people who worked in the Royal Bank Plaza many years ago before the Royal sold the building to Oxford. I know first hand the trouble and long, hard fight these people had getting their legal settlements. The Royal Bank stonewalled at every turn until finally they had to pay out.
Of course the Royal Bank in the Globe & Mail crowed about how fairly treated the former workers were and how the settlements were so timely alloted and how generous. What a crock of you know what.
Here's the fact about banks people: their bottom line is profit, power and influence.
First nations has a lot of power but there is also a few of their organizations that lack transparency and accountability. I know a few businesses who have had trouble with them. So maybe what we have here is a partnership between two questionable entities? That's not to say that all First Nations or Bankers are bad, since I know some very fine people who belong to one or the other. It's just that there are many who are good but end up getting tarred with the same brush that the evil we notice on a daily basis are. That would be like saying that all people from this race or this nation are bad, and that is just not true.
First Nations like every other people, nation or individual needs to remember one thing and one thing only. We are all visitors here. The planet owns the land, not us. We owe the planet good stewardship and we haven't done that. Hopefully the IMF and their controllers are taking notice of this fact because baby, y'all got a lot to answer for.

Past Member (0)
Friday December 31, 2010, 1:14 pm
This is great to hear but we have better keep an eye on this because a bank is a bank and they are not to be trusted.

Liev Black (4)
Friday December 31, 2010, 2:03 pm
I hope this sets a firm precedent.

Beth C (8)
Friday December 31, 2010, 2:11 pm
Sounds like a good start..we shall see.

leanne Torio (244)
Friday December 31, 2010, 4:42 pm
I'am impressed - RBC is my bank - my respect has gone way up!

Jeanette L (14)
Friday December 31, 2010, 5:18 pm
fantastic, I am so happy that this has happened and that other large institutions will follow suit

Susan S (187)
Friday December 31, 2010, 6:00 pm
Great news that the Royal Bank of Canada (which is one of the big five) is making decisions based on ethical principles for social justice, for respecting first nations, and environmental considerations.

cindy g (9)
Friday December 31, 2010, 6:40 pm
This is an important first step for RBC and it's in the right direction!

Philip Heinlein (474)
Friday December 31, 2010, 7:11 pm
Awesome news!

Pia R (0)
Friday December 31, 2010, 7:53 pm
Hope this sets a good precedent. Makes me hopeful that a bank will actually commit to principles. Calls my attention this reaction in Canada, compared to the guys in the US who are saying Obama wants to hand over Manhattan to the Indian tribes... what's wrong with these people?

Kerrie G (116)
Friday December 31, 2010, 11:21 pm
Noted, thanks.

Hartson Doak (39)
Saturday January 1, 2011, 12:02 am
right on!!!

Danuta W (1251)
Saturday January 1, 2011, 3:50 am
Thanks for the article

Alice C (1797)
Saturday January 1, 2011, 6:13 am
Wonderful news to start out 2011 with ! Thank you Cal : )

Linda Wallace (32)
Saturday January 1, 2011, 6:59 am
Here's to the Royal Bank of Canada! This bank may actually have principles.

Marti Williams (170)
Saturday January 1, 2011, 8:51 am
I'm glad they are doing that...but why do they think they have the right to ownership of land that belonged to the Native Americans in the 1st place...Europeans just came in and took land without any thought of the People who were there...Just because there were no fences..does not mean they were entitled to the land and everything.

Susan Pernot (75)
Saturday January 1, 2011, 2:08 pm
What a way to start the new year!!

Kate Kenner (215)
Saturday January 1, 2011, 2:43 pm
It's good to see a bank doing business responsibly and Canada doing something more environmentally friendly than killing seals. Hopefully more businesses will follow.

Robert G (3)
Saturday January 1, 2011, 3:09 pm
it is just a start, we need a lot more done.

Patricia N (9)
Saturday January 1, 2011, 6:29 pm
The Rainforest Network says they will be watching Royal....hope they keep them on the straight and narrow.

Linda G (187)
Saturday January 1, 2011, 9:20 pm
Thank you Rainforest Action Network. Stay vigilant.

Justin R (0)
Saturday January 1, 2011, 10:30 pm
Let's see what the future brings.

David K (0)
Saturday January 1, 2011, 11:32 pm
I do hope this is as it appears on the surface, if so I congratulate the Bank of Canada. However like many other contributers I do not trust bankers, they are too concerned about filthy lucre. After all that is their job, bankers have all my sympathyfor their lack of reality of life.

Diane L (110)
Sunday January 2, 2011, 12:34 am
Sounds good...........a step in the right direction, but I'm a bit suspicious as well. I don't trust anything a big bank does. There must be an ulterior motive.

Krasimira B (175)
Sunday January 2, 2011, 2:25 pm
Noted with pleasure, thank you Cal.

Gillian M (218)
Monday January 3, 2011, 9:59 am
What fantastic news, the rights of the Native Americans actually being considered in Canada AND over tar sands. Let us all hope that this first step will help set standards for all companies around the world. America, please note that YOU have to ensure that your filthy & polluting companies abroad are required to sustain the same standard that America requires.

Brad Mason (0)
Tuesday January 4, 2011, 1:16 am
THumbs up - now if only RBC themselves could grow a heart . . .
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