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
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Keeping these exotic pets is 'cruel' and 'dangerous,' Canadian animal advocates say
Canadian pet owners are finding companionship beyond dogs and cats. Tigers, alligators, scorpions and tarantulas are among some of the exotic pets they are keeping in private homes, which pose risks to public safety and animal welfare, advocates say.
Prince William and wife Kate thank public for birthday messages for son Louis
Prince William and his wife Kate thanked the public for their messages which had been sent to mark the sixth birthday of their youngest son Louis on Tuesday.
She was the closest she'd ever been to meeting her biological father. Then life dealt her a blow
Anne Marie Cavner was the closest she'd ever been to meeting her biological father, but then life dealt her a blow. From an unexpected loss to a host of new relationships, a DNA test changed her life, and she doesn't regret a thing.
How quietly promised law changes in the 2024 federal budget could impact your day-to-day life
The 2024 federal budget released last week includes numerous big spending promises that have garnered headlines. But, tucked into the 416-page document are also series of smaller items, such as promising to amend the law regarding infant formula and to force banks to label government rebates, that you may have missed.
RCMP uncovers plot to sell drones and equipment to Libya
The RCMP says it has uncovered a ploy to sell Chinese drones and military equipment to Libya illegally.
Which foods have the most plastics? You may be surprised
'How much plastic will you have for dinner, sir? And you, ma'am?' While that may seem like a line from a satirical skit on Saturday Night Live, research is showing it's much too close to reality.
'Catch-and-kill' strategy to be a focus as testimony resumes in Trump hush money case
A veteran tabloid publisher was expected to return to the witness stand Tuesday in Donald Trump's historic hush money trial.
Quebec farmers have been protesting since December. Is anyone listening?
Upset about high interest rates, growing paperwork and heavy regulatory burdens, protesting farmers have become a familiar sight across Quebec since December.