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
Spectacular aurora light show to be seen across Canada Friday night
A rare and severe solar storm is expected to bring spectacular displays of the northern lights, also known as aurora borealis, across much of Canada and parts of the United States on Friday night.
Which Canadian cities have the highest and lowest grocery prices?
Where you live plays a big factor in what you pay at the grocery store. And while it's no secret the same item may have a different price depending on the store, city or province, we wanted to see just how big the differences are, and why.
McGill University seeks emergency injunction to dismantle pro-Palestinian encampment
McGill University has filed a request for an injunction to have the pro-Palestinian encampment removed from its campus.
Swarm of 20,000 bees gather around woman’s car west of Toronto
A swarm of roughly 20,000 bees gathered around a woman’s car in the parking lot of Burlington Centre.
U.S. says Israel's use of U.S. arms likely violated international law, but evidence is incomplete
The Biden administration said Friday that Israel's use of U.S.-provided weapons in Gaza likely violated international humanitarian law but wartime conditions prevented U.S. officials from determining that for certain in specific airstrikes.
Barron Trump declines to serve as an RNC delegate
Former U.S. President Donald Trump's youngest son, Barron Trump, has declined to serve as a delegate at this summer’s Republican National Convention, according to a senior Trump campaign adviser and a statement from Melania Trump's office.
Mother assaulted by stranger while breastfeeding baby in her car: Vancouver police
A person was arrested in East Vancouver Thursday after allegedly entering a car while a mother was breastfeeding her four-month-old boy.
'We have laws': Premier Smith says police action justified in Calgary
The actions, including the decision to use non-lethal force, to disperse pro-Palestinian protesters from the University of Calgary campus were justified, Alberta Premier Danielle Smith said Friday.
'State or state-sponsored actor' believed to be behind B.C. government hacks
The head of British Columbia’s civil service has revealed that a “state or state-sponsored actor” is behind multiple cyber-security incidents against provincial government networks.