For years, Canada’s big banks have been using our money to fuel the climate crisis. Not only have they refused to divest from fossil fuels, but Canadian banks are actually increasing their funding of fossil fuels — and are now among the worst 15 fossil fuel funders in the whole world. [1] RBC, ScotiaBank, TD, BMO, and CIBC provided over ONE TRILLION CDN to fossil fuels since the global climate change treaty known as the Paris Agreement was signed. [2] It’s time for the government to step in to defund fossil fuels.

You can read more about the existing initiatives to regulate banks here – highlighting the movement to hold financial institutions accountable by bringing them into compliance with the United Nations' Paris Agreement on climate change. The NDP, Bloc Québecois, and Green Party have already stated their support for such regulation! It’s time to give the federal government a push.

Join us in asking our elected leaders to support the regulation of Canada’s financial institutions and make them aligned with the United Nations Paris Agreement on climate change.

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