The 2021 version of the Rainforest Action Network/BankTrack report (which we fully endorse) is out today! We suggest you read it in full because it's fascinating and includes interesting case studies on specific projects and climate disasters. But, if you don't have time, we've summarized the findings about Canadian banks. You will notice RBC, TD … Continue reading Banking on Climate Chaos 2021
EXCITING NEWS: We're more than halfway to our goal and we've already recorded an ad for Diane Saxe's podcast Green Economy Heroes. It's currently being mixed by Stefan from Green Majority Radio -- which you should listen to either online or on CIUT, but you can hear a SNEAK PEEK OF THE RAW RECORDING HERE: … Continue reading Update on Crowdfunded Bankswitch Ads
We started our BankSwitch Campaign in 2021 and the initial participants pledged to move their money by Earth Day 2021. Unfortunately, the big 5 CDN banks still think climate change is something they can handle with PR and empty pledges. If you're in the first BankSwitch cohort, it's time to start moving your money. If … Continue reading Moving your money to a cleaner bank.
When TD pledged to achieve net-zero emissions across their financing portfolio by 2050, we said it was a gamechanger (because the other banks would have to do the same) and a greenwash (because they had no commitments regarding short-term actions). When RBC made a similar pledge in February, we pointed out that net-zero lending in … Continue reading BMO copied the other banks’ vague climate plans and then winked at the oil industry.
A recent investigative report from DESMOGUK revealed the shocking truth that "80 percent of board members at the UK’s five biggest banks have affiliations with environmentally damaging companies, either as current or previous advisors or employees." When the report came out, the journalists who did the research were interviewed on the BBC. When people began to wonder … Continue reading What’s a scandal in the US and UK, but normal in Canada?