RBC Signs Solar-Power Agreement in a First for a Canadian Bank

Royal Bank of Canada will buy solar power fromBluEarth Renewables Inc. under a renewable-energy contract that’s a first of its kind for a Canadian financial firm.

Canada’s largest bank and partner Bullfrog Power, a unit ofSpark Power Group Inc., will each purchase 31,500 megawatt-hours a year — enough electricity for almost 2,600 homes — in an agreement that will support construction of two solar farms in southeast Alberta. They’ll be two of Canada’s largest solar farms when completed next April, generating 80,000 megawatt-hours annually, and are expected to inject C$70 million ($52 million) into the province’s economy.

Kampala, UgandaMost polluted air today, in sensor range 0 6 5 4 3 2 0 3 2 1 0 9 0 5 4 3 2 1 .0 1 0 9 8 7 0 2 1 0 9 8 0 2 1 0 9 8 0 3 2 1 0 9 0 4 3 2 1 0 0 9 8 7 6 5 Parts per million CO2 in the atmosphere 0 3 2 1 0 9 ,0 8 7 6 5 4 0 4 3 2 1 0 0 0 9 8 7 6 Soccer pitches of forest lost this hour, most recent data 53% Carbon-free net power in the U.K., most recent data

50,​820 Million metric tons of greenhouse emissions, most recent annual data

$69.​9B Renewable power investment worldwide in Q2 2020 +0.​92° C Jun. 2020 increase in global temperature vs. 1900s average

“We’re proud to be the first Canadian bank to sign a long-term renewable energy power-purchase agreement, demonstrating our commitment to clean, sustainable power,” Scott Foster, global head of corporate real estate for Toronto-based Royal Bank, said in a statement.

Electricity purchased from the solar farms will contribute to Royal Bank’s targets of reducing greenhouse-gas emissions from its operations by 70%, and increasing sourcing of renewable and non-emitting electricity to 100%, by 2025.

Blood River

Introducing: Blood River

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The killers of Berta Caceres had every reason to believe they’d get away with murder. More than 100 other environmental activists in Honduras had been killed in the previous five years, yet almost no one had been punished for the crimes. Bloomberg’s Blood River follows a four-year quest to find her killers – a twisting trail that leads into the country’s circles of power.

Blood River premieres on July 27.

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