canada: Exxon Mobil Corp and Royal Bank of Canada have been named two largest investors in the Canadian fossil fuel sector between 2010 to 2015, according to The Toronto Star. Ty Wright/Bloomberg News / Ty Wright/Bloomberg News Co-author and University of Victoria sociology professor William Carroll said in a statement that Canada's fossil fuel industry is in the hands of a few major players that have an interest in the sector's continued growth and the economic power that shapes its future. The report titled Who Owns Canada's Fossil-Fuel Sector was issued by the Corporate Mapping Project, a joint initiative by the University of Victoria, the Canadian Centre for Policy Alternatives and the Parkland Institute, with funding in part from the Social Sciences and Humanities Research Council of Canada. Using shareholder and revenue data from Orbis, a company with information on companies worldwide, Carroll found that the top 25 owners accounted for 40 per cent of the total revenues from the fossil fuel industry between 2010 to 2015. Within the top five largest owners, two out of three were Canadian. In this period, the top two investors were Exxon Mobil Corp with 6.57 per cent in average shares and the Royal Bank of Canada with 3.35 per cent in average shares.
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