Waterloo protestors call on big banks to divest from fossil fuels
The 'Move Your Money March' took over Uptown Waterloo Saturday in protest of investments in fossil fuels by Canada's big banks.
"When fossil fuel companies want to put together a new project, build a new pipeline, extract somewhere new, who is the first people they go to? Banks. They go to banks for their finances, their investments," said Petra Duff, a member of Fossil Free UW.
"So if we want to stop fossil fuel, expansion and kick-start the transition to a green economy, banks are the first people who have to make that step."
Starting in Waterloo Square, demonstrators marched to Canadian Imperial Bank of Commerce (CIBC), Bank of Montreal (BMO), Toronto Dominion Bank (TD), Scotiabank and Royal Bank of Canada (RBC).
Several local environmental group helped organize the action including Fossil Free UW, Waterloo Regional Climate Initiatives and Citizens’ Climate Lobby Waterloo Region.
The groups claim large banks are “green washing” – each making commitments to achieve net-zero emissions in their banking operations, while continuing to fund fossil fuels through investments.
At each of their stops, demonstrators attempted to put up posters and talk to bank staff, hoping to have them sway management to divert their investments away from fossil fuels and into climate-saving initiatives.
CTVNews.ca Top Stories
Grandparent scam: London, Ont., senior beats fraudsters not once, but twice
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
Deaths of 4 people on Sask. farm confirmed as murder-suicide
The deaths of four people on a farm near the Saskatchewan village of Neudorf have been confirmed a murder-suicide.
CRA no longer requiring 'bare trust' reporting in 2023 tax return
The Canada Revenue Agency announced Thursday it will not require 'bare trust' reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
Full parole granted to man convicted in notorious 'McDonald's murders' in Cape Breton
The Parole Board of Canada has granted full parole to one of three men convicted in the brutal murders of three McDonald's restaurant workers in Cape Breton more than 30 years ago.
Incident on Calgary's Reconciliation Bridge comes to safe resolution
Nearly 20 hours after a man climbed and remained perched on top of the Reconciliation Bridge in downtown Calgary, the situation came to a peaceful resolution.
Sunshine list: These were the Ontario public sector's highest earners in 2023
Ontario released its annual sunshine list Thursday afternoon, noting that the largest year-over-year increases were in hospitals, municipalities, and post-secondary sectors.
George Washington family secrets revealed by DNA from unmarked 19th century graves
Genetic analysis has shed light on a long-standing mystery surrounding the fates of U.S. President George Washington's younger brother Samuel and his kin.
'We won't forget': How some Muslims view Poilievre's stance on Israel-Hamas war
A spokesman for a regional Muslim advocacy group says Conservative Leader Pierre Poilievre's stance on the Israel-Hamas war could complicate his party's relationship with Muslim Canadians.
Why some Christians are angry about Trump's 'God Bless the USA' Bible
Former U.S. President Donald Trump is officially selling a copy of the Bible themed to Lee Greenwood’s famous song, 'God Bless the USA.' But the concept of a Bible covered in the American flag has raised concern among religious circles.