Between 2016 and 2019, Canada’s 5 Big Banks provided financing for nearly half a trillion dollars (482 billion) to the fossil fuel industry globally. And domestically, they hold close to 70% of the financing (69.8 billion) in the Tar Sands, one of the world’s dirtiest oil. Aside from JPMorganChase, they are the worst fossil bankers in the Tar Sands.
By providing the lion share of the money for Tar Sands expansion, our major banks are carbon majors and drivers of climate change — RBC (Royal Bank), TD (Toronto-Dominion), JPMorgan Chase, Bank of Montreal and CIBC (Imperial Bank of Commerce).
Bank Tracker: Canadian Banks
Bank of Montreal head offices. Photo: Jorge Castro via Flickr (CC BY-NC-SA 2.0)
CIBC head offices at Commerce Court Toronto. Photo: paul bica via Wikimedia Commons (CC BY 2.0)
Royal Bank Building in Toronto, Canada. Photo: Siqbal via Wikimedia Commons (CC BY-SA 3.0)
Scotiabank head office in Toronto. Photo: Ccyyrree via Wikimedia Commons [CC0]
Toronto-Dominion Bank head office. Photo: Google Earth/StreetviewWHY…
Did you know that the money you’ve set aside for tomorrow and for the future of your children and grandchildren is being used to finance the climate crisis that is already destroying their very future?
Did you know that one of the major steps that will reduce your carbon footprint and point you towards a carbon neutral future is making your money green?
HOW…
Talk to them in the only language they understand..Money! Withdraw your money and put it in an institution more aligne d with your values.