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
BREAKING Israel attacks Iran, Reuters sources say; drones reported over Isfahan
Israel has attacked Iran, three people familiar with the matter told Reuters, as Iranian state media reported early on Friday that its forces had destroyed drones, days after Iran launched a retaliatory drone strike on Israel.
American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
Nearly half of China's major cities are sinking, researchers say
Nearly half of China's major cities are suffering 'moderate to severe' levels of subsidence, putting millions at risk of flooding especially as sea levels rise.
Prince Harry formally confirms he is now a U.S. resident
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.
Judge says 'no evidence fully supports' murder case against Umar Zameer as jury starts deliberations
The judge presiding over the trial of a man accused of fatally running over a Toronto police officer is telling jurors the possible verdicts they may reach based on the evidence in the case.
Health Canada to change sperm donor screening rules for men who have sex with men
Health Canada will change its longstanding policy restricting gay and bisexual men from donating to sperm banks in Canada, CTV News has learned. The federal health agency has adopted a revised directive removing the ban on gay, bisexual and other men who have sex with men, effective May 8.
Colin Jost names one celebrity who is great at hosting 'Saturday Night Live'
Colin Jost, who co-anchors Saturday Night Live's 'Weekend Update,' revealed who he thinks is one of the best hosts on the show.
Sports columnist apologizes for 'oafish' comments directed at Caitlin Clark. The controversy isn't over
A male columnist has apologized for a cringeworthy moment during former University of Iowa superstar and college basketball's highest scorer Caitlin Clark's first news conference as an Indiana Fever player.
'Shopaholic' author Sophie Kinsella reveals brain cancer diagnosis
Sophie Kinsella, the best-selling author behind the 'Shopaholic' book series, has revealed that she is receiving treatment for brain cancer.