Canada’s Largest Bank RBC Invests USD8mn In Clearblue Markets
A global carbon markets company, ClearBlue Markets, has secured USD8mn in Series A financing round led by Royal Bank of Canada (RBC) to help support the growth of its technology platform. The Canadian-based climate tech firm’s fundraising will allow it to have more exposure in financial markets. The investment from RBC aligns with the bank’s climate strategy to support its clients transitioning to net zero emissions. RBC is Canada’s largest bank and one of the biggest in the world based on market capitalization. Apart from Canada, its 17 million clients also come from the U.S. and 27 other countries the bank is serving.
Source: carboncredits.com