Did you know that Canada's five big banks are among the top 20 funders of fossil fuels in the world?
From 2021-2024, its five largest banks - RBC, TD, Scotiabank, BMO and CIBC - have funneled nearly half a trillion dollars USD (over $650 B CAD) into oil and gas, according to the most recent Fossil Fuel Finance Report Banking on Climate Chaos. In 2025, RBC was Canada's worst fossil fuel financier, pumping $34.3 billion USD into oil and gas projects.
Part of that money - your money, if you're a customer - provides the financial backing for controversial projects like the Coastal GasLink pipeline and TransMountain Pipeline which violate Indigenous rights and keeping Canada locked into fossil fuel infrastructure.
At the same time, Carney's federal government has taken a big step back in terms of pushing fossil fuel companies and their financiers toward a low-carbon transition. Canada signed an Memorandum of Understanding with the Alberta Government in November 2025 to support a new pipeline while walking back critical federal climate policies. At the same time, the government is poised to continue investing public money heavily in fossil fuel expansion, especially LNG -- which is being falsely framed as a "transition fuel" but poses significant climate, economic and social risks.
Anyone concerned about the health of our kids, now and in the future, knows this needs to change. Imagine the impact that our money, both as customers and as members of the public, could make if it were invested instead in innovative solutions to the climate challenges we're facing.
That’s why we want parents to be part of the national movement to take action against fossil finance! We believe parents and grandparents can use our superpower - our love for our kids - to motivate banks and our government to stop bankrolling the climate crisis and start investing in a safe future for all of us. As caregivers, we can make this conversation mainstream and accessible, because we all have a right to know where our money is going and demand better.
Check out ways to take action below!
