We are not alone in the fight
against banks’ dirty investments
WHAT’S HAPPENING AROUND THE WORLD?
Many groups have already come together to denounce how banks are fuelling the climate crisis. Please see the links below to learn more about other national and international campaigns.
Our official partner has a Corporate Responsibility Campaign calling for federal party leaders to change the Bank Act to cover all banks and big businesses in Canada using 8 key systemic corporate responsibility measures:
BankSwitch is a campaign to pressure Canadian Banks to clean up their act and stop funding the expansion of the fossil fuel industry.
The Sustainable Economist
The Sustainable Economist is guide for firing your bank and joining a credit union, by the founder of Good Investing, Tim Nash.
BankTrack is our official partner and its mission is to stop banks from financing harmful business activities
Stop The Money Pipeline
The Stop The Money Pipeline coalition is over 91 organizations strong
Climate Pledge Collective
A pledge to change your consumption habits and become more politically engaged and spread that change
Rainforest Action Network
The Rainforest Action Network takes action against the companies and industries driving deforestation and climate change
The team behind the Après-demain movie explains why & how to change banks (#4 on this page)
are not in vain
Investments groups such as BlackRock, Goldman Sachs & the Bank of England have already released statements committing to start divesting from fossil fuels.
May 19, 2020 - “49.6% of shareholders voted to require Chase to produce a plan to align its business with the goals of the Paris Agreement.”
(In general, once 30% of shareholders push for something, corporations act.)
Desjardins announces all 17 SocieTerra Funds and Portfolios are now 100% free of oil production and pipeline holdings.(In French)
The largest pension fund in Norway, Kommunal Landspensjonskasse, has removed four Canadian energy names from its investment list and says it will no longer put money in companies that derive more than five per cent of their revenue from the oilsands. (In French)
BlackRock, the world’s largest fund manager, has announced it will put sustainability at the heart of its investment decisions.
Goldman Sachs, with its mid-December announcement, becomes the first of the large U.S. banks to establish explicit restrictions on financing for any part of the oil-and-gas sector.
Mark Carney, the former Governor of the Bank of Canada, more recently the Governor of the Bank of England and now UN Special Envoy on Climate Action and Finance, has taken a stand on the multiple risks attached to continuing with the status quo on fossil fuels.
GET IN TOUCH!