"Between January 2015 and September 2019, banks provided loans and underwriting of more than USD 1.7 trillion to key actors in the global plastics supply chain," notes Portfolio Earth in its recent Bankrolling Plastics report. "Banks must no longer...
Thousands of Canadians witnessed the first #FossilBanksNoThanks national action day (this past Friday) exposing the ugly truth that Canada's Big Five banks—RBC, TD, BMO, CIBC, Scotia—are financing the climate crisis. For many, it was a wake-up call. Finding out—for...
Fossil Banks No Thanks is the slogan—rallying cry—for a national action day targeting Canada's five Big Banks for their role in financing the climate crisis. The event, scheduled on Friday, January 29, will expose RBC as the worst Canadian...
A few days ahead of the 5th anniversary of the Paris Agreement, 18 NGOs released Five Years Lost - How Finance is Blowing the Carbon Budget. The report highlights 12 of the most devastating fossil fuel projects that are...
Since the Paris Agreement, Canada’s Big Five banks—RBC, TD, BMO, CIBC, Scotia—have financed fossil fuels over half a trillion dollars (C$641 billion) globally and in Canada they provide the lion share (70%) of the money for Tar Sands expansion...
Canada's big banks rack up huge profits each year at the expense of our climate. They are compromising the future of young Canadians by financing fossil fuel expansion. Since the 2015 Paris Agreement, the Big Five—RBC, TD, BMO, CIBC,...
The pressure on the financial sector—banks, pension funds, insurance companies—to join the global movement to tackle the climate crisis is mounting. And the number of campaigns, both large and small, to force the financial world to do its share...
"To prevent extinction, banks have to stop funding it." — Portfolio Earth That's according to Bankrolling Extinction, a new report published Wednesday by Portfolio Earth, an initiative seeking to challenge the financial industry's role in ecological devastation. The report shows Big Banks lent...
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...
(This post was first published October 11, 2019. It is now updated and republished September 9, 2020.) After decades of ongoing climate talks, in December of 2015, some 195 countries approved the Paris Agreement, the first ever global climate accord...