Did you know that...
When you deposit your money into the bank, it doesn’t just sit there. The banks either lend or invest your money and this is how, in turn, they make money.
The banks might give loans to individuals. Or they might give loans to fossil fuel companies. For example, Enbridge’s Line 3 pipeline received over $40 billion collectively in loans from “the Big 5” (RBC, TD, Scotiabank, BMO, and CIBC). Together, these banks are among the top global funders of fossil fuels.
... since 2016, Canadian banks provided $1.1 trillion to the fossil fuel industry!
As part of its ongoing education events on the climate crisis and what we can do act with the urgency required, Transition écologique La Pêche Coalition for a Green New Deal invites you to a webinar on sustainable banking and investing at 7 p.m. on September 13th.
Join Daylen Sawchuk, of Banking on a Better Future, and Tim Nash, President of Good Investing to discover what green banking and investment alternatives exist and how to make the switch for a sustainable future.
The event will be held in English with translation to French. Participants will be able to ask questions in their preferred language.