Banks keep making excuses while they dump more money into fossil fuels: Big Banks Have Funded Climate Crisis With Nearly $7 Trillion Since Paris Agreement #fossilfuels #banks #ClimateCrisis #FossilBanks https://scq.io/n8s36Yj
"Canada’s big banks are still lighting the fuses of carbon bombs, pouring billions into fossil fuel financing during the hottest year on record.. It’s time for our government and regulators to step in." #fossilfuels #fossilbanks #emissions #ClimateCrisis https://www.nationalobserver.com/2024/05/14/news/canadian-banks-still-huge-fossil-fuel-investors
Canadian banks still huge fossil fuel investors

Since the Paris Agreement was signed in late 2015, RBC, Scotiabank, TD, BMO and CIBC have pumped approximately $1.2 trillion into fossil fuel companies like Enbridge, TC Energy and Trans Mountain.

Canada's National Observer

World Bank spent billions of dollars backing fossil fuels in 2022, study finds https://www.theguardian.com/environment/2023/sep/12/world-bank-spent-billions-of-dollars-backing-fossil-fuels-in-2022-study-finds?CMP=Share_iOSApp_Other

Oil stains spread far and wide. World Bank denies but lack of transparency makes accountability difficult.

So 2 acts to clean up then.

#fossilbanks

World Bank spent billions of dollars backing fossil fuels in 2022, study finds

Campaigners estimate about $3.7bn in trade finance was supplied to oil and gas projects despite bank’s green pledges

The Guardian

If you’re in Canada and want to talk to someone who ditched their #fossilbanks for a credit union, hmu

From: @greenpeaceca
https://bird.makeup/users/greenpeaceca/statuses/1670845213013622784

Greenpeace Canada

From 2016-2022, Canada's top #FossilBanks dumped over $1 TRILLION into fossil fuel investments. Individually that looks like 👇 @RBC $330 billion @scotiabank $237 billion @TD_Canada $225 billion @BMO $179 billion @cibc $148 billion ☝️☝️☝️next #Heatwave sponsored by ☝️☝️☝️

RBC, the largest financier of fossil fuels in the World, sponsoring this PGA Tour Event held on a golf course on the low lying sea shore of the Carolinas.
Doing its best to erase their own golf tournament. #ClimateAction #climateChange #FossilBanks #DivestfromFossilFuels
https://www.ft.com/content/63ebd477-5327-422d-8121-9acc477b138c
Royal Bank of Canada becomes top financier for fossil fuel industry

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Financial Times
Greed overrides #ClimateAction with RBC: Royal Bank’s World-Leading Fossil Investments Put Spin Over Science @GreenpeaceCA @standearth @envirodefence #emissions #ClimateCrisis #Fossilbanks #energytransition #RBC #RoyalBank https://open.substack.com/pub/energymixweekender/p/royal-banks-world-leading-fossil?r=ik120&utm_campaign=post&utm_medium=email
Royal Bank’s World-Leading Fossil Investments Put Spin Over Science

It took a whole lot of magical thinking and cooked messaging to make RBC the world’s biggest fossil fuel funder. Now they’re doing a great job of doing harm. Just don’t confuse them with facts.

The Energy Mix Weekender

And if the banks would stop financing fossil fuel projects, it would go a long way to bailing out the planet from defaulting on carbon debt.

#FossilBanks #EndFossilCrimes #ClimateEmergency #ClimateCrisis #ClimateChange #climate #Environment #biodiversity #Nature #Science #activism #planet #earth #ocean #carbon #green #photo #Photography #news #bank #sunday

Over the past 1.5 years I started closing all my accounts at BMO and CIBC including my first savings account. We’ve closed or moved credit lines and cards. Just yesterday I put in the paperwork to have my RRSP accounts moved (fee-free!). We’ve created a new financial home at sustainability minded credit union VanCity. Just a couple more items on the checklist to go and we’ll be able to close the last account and say goodbye to Fossil Banks for good! It can be done!
#climateaction #FossilBanks
"A wrap-up on bank moves and civil society actions in Glasgow
With COP26 behind us, it’s as clear as ever before that banks must act urgently to help achieve the goal of limiting global warming to 1.5 C." https://www.fossilbanks.org/news/8433 #fossilbanks #climatechange #climatejustice
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The Fossil Banks No Thanks platform brings together organisations and campaigns from all over the world pressuring banks to stop financing the fossil fuel industry.