--- title: Tell Canadian banks to stop funding fossil fuels - Greenpeace Canada description: Tell Canada’s major banks to break up with fossil fuels. Banks must respect Indigenous rights. image: https://act.greenpeace.ca/hubfs/EN%20-%20Fossil%20Banks%20thumbnail-2.png --- [![Greenpeace](https://act.greenpeace.ca/hubfs/raw_assets/public/anseo_greenpeace_landing_page_theme/assets/gp-logo.svg)](https://www.greenpeace.org/canada/en) En [Fr](https://act.greenpeace.ca/fr-ca/non-aux-banques-fossiles) # Tell Canada’s major banks to break up with fossil fuels ## Banks must respect Indigenous rights **RBC, CIBC, BMO, TD, Scotiabank and Desjardins talk about respecting Indigenous rights and fighting climate change** and, yet, they continue to finance fossil fuels. **Canada’s big 5 banks are among the top twenty-five global banks financing fossil fuels** – RBC is the largest financier of fossil fuels in Canada (and fifth largest in the world), followed by Scotiabank, TD, BMO and CIBC. \[1\] \[2\] In fact, we discovered that **RBC’s support for fossil fuels was 250 times greater than their contributions to community and charitable organizations in 2019**. \[3\]   **These banks are essentially using our money, our savings, to invest in the dirty business of fossil fuels** while making public commitments to respect Indigenous rights and to act on climate change.\[4\] In fact, **they have steadily increased their support for fossil fuels – providing over $910 BILLION to fossil fuel companies since** the Paris Climate Agreement in 2015, which demanded strong action to reduce climate catastrophes**.** \[5\] **They are funding fossil fuel projects with complete disregard for Indigenous sovereignty, extending Canada’s history of colonialism for short-term profits.** If Canadian banks see that we are watching them and calling for action, they will have to pivot to renewable, local and equitable initiatives. Let’s make it happen! **Send an email to the CEOs of Canada’s top banks to tell them that you do not support fossil fuel colonialism and neither should they.** Notes:  \[1\] [Canada's big banks are using your funds to play footsie with fossil fuels](https://www.nationalobserver.com/2021/10/29/news/putting-canadas-big-banks-under-microscope) \[2\] [Report Profundo: Fossil fuel financing in Canada](https://www.greenpeace.org/static/planet4-canada-stateless/2021/08/a0d71ee1-canadian-banks-fossil-fuel-financing-greenpeace-canada-july-2021.pdf?_ga=2.98625944.740063397.1648647142-182812241.1648647140)  \[3\] [Report: Money can't buy our love - Fossil Fuels, Climate-concerned Youth and Reputational Risk in Canadian Banking](https://www.greenpeace.org/static/planet4-canada-stateless/2022/02/92171728-greenpeace_bankingonabetterfuture_report_moneycantbuyourlove_final_20220224.pdf) \[4\] [Focus: Bank support for Indigenous Peoples](https://cba.ca/bank-support-for-indigenous-peoples?l=en-us)  \[5\] [Banking on Climate Chaos - Fossil Fuel Finance Report 2022](https://www.bankingonclimatechaos.org//wp-content/themes/bocc-2021/inc/bcc-data-2022/BOCC_2022_vSPREAD.pdf)  supporter has signed supporters have signed needed to reach   Friend, thank you for signing the petition! Thank you for signing our petition calling on Canadian banks to divest from fossil fuels and to respect Indigenous rights. Can you take the next step and share this petition with your friends and family? #### Thanks for sharing, Friend! [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https://act.greenpeace.ca/en-ca/stop-fossil-banks) [Share on Twitter](https://twitter.com/intent/tweet?original_referer=https://act.greenpeace.ca/en-ca/stop-fossil-banks&url=https://act.greenpeace.ca/en-ca/stop-fossil-banks&text=.%40RBC%2C+%40CIBC%2C+%40BMO%2C+%40TD_Canada%2C+%40Scotiabank+and+%40DesjardinsCoop%2C+you+need+to+divest+from+fossil+fuels+NOW%21+Join+me+in+telling+the+Canadian+banks+to+respect+Indigenous+rights+and+act+on+climate+change+%23FossilBanks+%40GreenpeaceCA) [Share by Email](mailto:?subject=Canada%E2%80%99s%20top%20banks%20need%20to%20stop%20funding%20fossil%20fuel%20colonialism&body=Friend%2C%20I%20signed%20a%20petition%20calling%20on%20Canadian%20banks%20to%20stop%20funding%20fossil%20fuel%20projects%20and%20to%20respect%20Indigenous%20rights.%20RBC%2C%20CIBC%2C%20BMO%2C%20TD%2C%20Scotiabank%20and%20Desjardins%20say%20they%20want%20to%20respect%20Indigenous%20rights%20and%20fight%20against%20climate%20change%2C%20yet%20they%20are%20funding%20fossil%20fuel%20projects%20that%20violate%20the%20rights%20of%20Indigenous%20peoples%20and%20fuel%20the%20climate%20crisis.%20Join%20me%20in%20calling%20out%20these%20banks%21%20Add%20your%20name%20to%20the%20petition%20and%20tell%20your%20bank%20that%20they%20need%20to%20divest%20from%20fossil%20fuels%20if%20they%20are%20serious%20about%20tackling%20the%20climate%20crisis%20and%20respecting%20Indigenous%20rights.%20%0D%0Dhttps://act.greenpeace.ca/en-ca/stop-fossil-banks%20%0D%0DThanks!) [![](https://act.greenpeace.ca/hubfs/EN%20-%20Fossil%20Banks%20thumbnail-2.png) Tell Canadian banks to stop funding fossil fuels and to respect Indigenous rights. Support Indigenous communities affected by climate change and destructive projects and call on Canadian banks to divest from fossil fuels.](https://www.facebook.com/sharer/sharer.php?u=https://act.greenpeace.ca/en-ca/stop-fossil-banks) Friend, Greenpeace does not accept a cent of corporate or government funding. Our campaigns are entirely funded by people like you. Will you join us as a supporter with a regular amount of $5 or more a month? 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