Ask your bank about their fossil fuel financing

Frustrated with your bank using your money to fund climate change and projects that violate Indigenous rights? Try talking to your bank manager to share your concerns.

Many of us trust RBC, BMO, TD, CIBC and Scotiabank with our savings and investment plans, but these banks are all among the top 20 financiers of fossil fuels in the world, constructing projects that violate Indigenous sovereignty and ensure our emissions keep going up. 

They say they’re on track to achieve net-zero emissions by 2050, and they’re putting billions of dollars toward sustainable finance, but it turns out these funds might just be “a $2-trillion placebo when we need strong medicine.” 

We deserve more transparency. 

So what can we do about it?

Help us get to the bottom of how banks are actually investing by asking your bank manager or financial advisor a few questions.

How does it work?

  1. Set up a meeting with your bank manager or financial advisor, or send your questions via email. 
  2. Ask the questions provided below (there’s a set for each of the big banks), or edit them to reflect your concerns as a customer. If they don’t know the answers already, tell them they can take the questions away and let you know what they find. (Part of the goal of this action is to make staff take these concerns up the management ladder)
  3. Once you get a response, email [email protected] about what you learned or tell us here.

Questions for your bank

Here are some key questions for each of the Big 5 banks:

  1. Royal Bank of Canada (RBC)
  2. Toronto Dominion (TD)
  3. Bank of Montreal (BMO)
  4. Scotiabank
  5. CIBC 

You can also bring this letter along as a physical copy of your concerns and demands, and edit it to reflect your perspective.

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