Episode 5: Exploring the Oil Divestment Movement
Description
The international climate community will be mobilizing for the second time in as many months in another coordinated effort to take decisive action on climate change. This time, however, it’s not the government that will be the target of these demonstrations... it’s the banks.
Analytical Tools and Resources:
BankTrack website: www.banktrack.org
BankTrack listing of banks and their respective fossil fuel investment: https://www.banktrack.org/search#category=banks
Banking on Climate Chaos, Fossil Fuel Finance Report, 2021: https://www.banktrack.org/download/banking_on_climate_chaos_2021/bocc__2021_vf_1.pdf
Taking Action:
BankBonus website: BankBonus.com
Bank Bonus List of Top 15 socially responsible banks: https://bankbonus.com/best/socially-responsible-banks/
In Canada, find a credit union using the Canadian Credit Union Association’s “Find a Credit Union” tool: https://ccua.com/about-credit-unions/find-a-credit-union/
Other Resources:
CANADA’S BANKS AND FOSSIL FUELS, Stand.Earth: https://www.stand.earth/climate-finance/canada%E2%80%99s-banks-and-fossil-fuels
Divestment Report 2021, Stand.Earth: https://www.stand.earth/sites/stand/files/divestinvestreport2021.pdf
Banks Always Backed Fossil Fuel Over Green Projects—Until This Year, May 19, 2021: https://www.bloomberg.com/graphics/2021-wall-street-banks-ranked-green-projects-fossil-fuels/
Six of Canada’s Largest Banks Join United-Nations-convened Net-Zero Banking Alliance, October 15, 2021: https://about.bmo.com/blog/six-of-canadas-largest-banks-join-united-nations-convened-net-zero-banking-alliancex-of-canadas-largest-banks-join-united-nations-convened-net-zero-banking-alliance/?ecid=us-FEAT2405BRND1-EZBMO3219
United States
