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TheStreet Open House

2013 RBC Blue Water Project Leadership And Community Action Grants Announced

Stocks in this article: RY

RBC awards $2.3 million in funding to protect water in cities and towns around the globe

TORONTO, June 14, 2013 /CNW/ - RBC today announced the recipients of the 2013 RBC Blue Water Project Leadership and Community Action Grants, totalling more than $2.3 million in funding for water protection and preservation programs. Awarded on the fourth annual RBC Blue Water Day, the grants support 123 organizations spanning seven countries, including Canada, the United States, the United Kingdom, Australia, Singapore, Jamaica and Turks and Caicos Islands.

"Water is the lifeblood of our planet and vital for our social and economic wellbeing," said Gord Nixon, president and CEO, RBC. "Since the RBC Blue Water Project was established in 2007, we have committed more than $38 million in grants to some 650 organizations around the world working to protect our most precious natural resource, including the grants we're announcing today. We are honoured to support the important efforts of this year's grant recipients, whose projects reflect our new focus on urban water issues."

In December 2012, the RBC Blue Water Project announced a shift in focus to address a significant, emerging issue that is relevant to the majority of RBC employees and clients - protecting and preserving water in towns, cities and urbanized areas. The 2013-2014 Leadership and Community Action Grants are funding programs that improve urban water quality and efficient use, enhance storm water management and protect and restore urban waterways.

"By 2050, three quarters of the world's population will live in cities," explained Alexandra Cousteau, RBC Blue Water Project Ambassador and National Geographic Emerging Explorer. "With more people, our urban water resources will become even more strained than they are today. The 2013 RBC Blue Water Project Leadership and Community Action Grant recipients are working to solve some of the most critical water issues facing our growing communities and helping to ensure we have the clean water we need for the future."

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