Latest news with #RichardBrooks
NZ Herald
05-08-2025
- General
- NZ Herald
Hiroshima marks 80 years since the atomic bombing as US-Russia nuclear tensions rise
Visitors pray for the atomic bomb victims in front of the Memorial Cenotaph at the Peace Memorial Park ahead of the memorial service to mark the 80th anniversary of the world's first atomic bomb attack, in the city of Hiroshima early on August 6, 2025. Photo / Richard Brooks, AFP Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech. Visitors pray for the atomic bomb victims in front of the Memorial Cenotaph at the Peace Memorial Park ahead of the memorial service to mark the 80th anniversary of the world's first atomic bomb attack, in the city of Hiroshima early on August 6, 2025. Photo / Richard Brooks, AFP Japan marks 80 years since the atomic bombing of Hiroshima today with a ceremony reminding the world of the horrors unleashed, as sabre-rattling between the United States and Russia keeps the nuclear 'Doomsday Clock' close to midnight. A silent prayer was due to be held at 8.15am local time (11.15am), the moment when US aircraft Enola Gay dropped 'Little Boy' over the western Japanese city on August 6, 1945. The final death toll would hit around 140,000 people, killed not just by the colossal blast and the ball of fire, but also later by the radiation. Three days after 'Little Boy', on August 9, another atomic bomb killed 74,000 people in Nagasaki. Imperial Japan surrendered on August 15, bringing an end to World War II. Today, Hiroshima is a thriving metropolis of 1.2 million people, but the ruins of a domed building stand in the city centre as a stark reminder.
Global News
17-06-2025
- Business
- Global News
Canadian banks' funding for fossil fuels rose in 2024 despite record heat: report
Canadian banks were once again ranked as among the world's top fossil fuel financiers in a report that showed overall funding rose in 2024 despite it being the hottest year on record. The Banking on Climate Chaos report by a coalition of environmental groups found that lending and underwriting among the world's 65 top banks rose by US$162.5 billion last year to US$869 billion, a reversal of a downward trend since 2021. 2:32 Business Matters: Canadian banks directed nearly US$104B to oil and gas in 2023 RBC, Canada's largest bank, was ranked as the eighth biggest oil and gas financier globally with US$34.3 billion in new commitments last year, while TD Bank Group was ranked ninth with US$29 billion. Story continues below advertisement The report pegged Scotiabank as 13th, CIBC at 14th and BMO Financial Group as 16th, with all of the big five Canadian banks showing an increase in funding from the previous year, including a 46 per cent jump for TD and a 41 per cent increase for CIBC. Get weekly money news Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday. Sign up for weekly money newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Richard Brooks, climate finance program director at says the increased financing, despite the record-breaking heat, shows Canadian banks are misaligned with climate science and have abdicated any sense of leadership on the issue. The Canadian Bankers Association says banks in the country remain committed to supporting clients in their climate transition efforts and understand that firm commitments are required to accelerate clean economic growth and meet the goal of a net-zero economy by 2050.
Hamilton Spectator
17-06-2025
- Business
- Hamilton Spectator
Canadian bank fossil fuel funding rose in 2024 despite record heat: report
TORONTO - Canadian banks were once again ranked as among the world's top fossil fuel financiers in a report that showed overall funding rose in 2024 despite it being the hottest year on record. The Banking on Climate Chaos report by a coalition of environmental groups found that lending and underwriting among the world's 65 top banks rose by US$162.5 billion last year to US$869 billion, a reversal of a downward trend since 2021. RBC, Canada's largest bank, was ranked as the eighth biggest oil and gas financier globally with US$34.3 billion in new commitments last year, while TD Bank Group was ranked ninth with US$29 billion. The report pegged Scotiabank as 13th, CIBC at 14th and BMO Financial Group as 16th, with all of the big five Canadian banks showing an increase in funding from the previous year, including a 46 per cent jump for TD and a 41 per cent increase for CIBC. Richard Brooks, climate finance program director at says the increased financing, despite the record-breaking heat, shows Canadian banks are misaligned with climate science and have abdicated any sense of leadership on the issue. The Canadian Bankers Association says banks in the country remain committed to supporting clients in their climate transition efforts and understand that firm commitments are required to accelerate clean economic growth and meet the goal of a net-zero economy by 2050. This report by The Canadian Press was first published June 17, 2025. Companies in this story: (TSX:RY; TSX:TD; TSX:BMO; TSX:CM; TSX:BNS)
Winnipeg Free Press
17-06-2025
- Business
- Winnipeg Free Press
Canadian bank fossil fuel funding rose in 2024 despite record heat: report
TORONTO – Canadian banks were once again ranked as among the world's top fossil fuel financiers in a report that showed overall funding rose in 2024 despite it being the hottest year on record. The Banking on Climate Chaos report by a coalition of environmental groups found that lending and underwriting among the world's 65 top banks rose by US$162.5 billion last year to US$869 billion, a reversal of a downward trend since 2021. RBC, Canada's largest bank, was ranked as the eighth biggest oil and gas financier globally with US$34.3 billion in new commitments last year, while TD Bank Group was ranked ninth with US$29 billion. The report pegged Scotiabank as 13th, CIBC at 14th and BMO Financial Group as 16th, with all of the big five Canadian banks showing an increase in funding from the previous year, including a 46 per cent jump for TD and a 41 per cent increase for CIBC. Richard Brooks, climate finance program director at says the increased financing, despite the record-breaking heat, shows Canadian banks are misaligned with climate science and have abdicated any sense of leadership on the issue. The Canadian Bankers Association says banks in the country remain committed to supporting clients in their climate transition efforts and understand that firm commitments are required to accelerate clean economic growth and meet the goal of a net-zero economy by 2050. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published June 17, 2025. Companies in this story: (TSX:RY; TSX:TD; TSX:BMO; TSX:CM; TSX:BNS)
Yahoo
17-06-2025
- Business
- Yahoo
Canadian bank fossil fuel funding rose in 2024 despite record heat: report
TORONTO — Canadian banks were once again ranked as among the world's top fossil fuel financiers in a report that showed overall funding rose in 2024 despite it being the hottest year on record. The Banking on Climate Chaos report by a coalition of environmental groups found that lending and underwriting among the world's 65 top banks rose by US$162.5 billion last year to US$869 billion, a reversal of a downward trend since 2021. RBC, Canada's largest bank, was ranked as the eighth biggest oil and gas financier globally with US$34.3 billion in new commitments last year, while TD Bank Group was ranked ninth with US$29 billion. The report pegged Scotiabank as 13th, CIBC at 14th and BMO Financial Group as 16th, with all of the big five Canadian banks showing an increase in funding from the previous year, including a 46 per cent jump for TD and a 41 per cent increase for CIBC. Richard Brooks, climate finance program director at says the increased financing, despite the record-breaking heat, shows Canadian banks are misaligned with climate science and have abdicated any sense of leadership on the issue. The Canadian Bankers Association says banks in the country remain committed to supporting clients in their climate transition efforts and understand that firm commitments are required to accelerate clean economic growth and meet the goal of a net-zero economy by 2050. This report by The Canadian Press was first published June 17, 2025. Companies in this story: (TSX:RY; TSX:TD; TSX:BMO; TSX:CM; TSX:BNS) The Canadian Press
