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Wednesday, March 03, 2010 by Eric Swanson

RBC: Bankrolling the Tar Sands

The responsibility for the damage caused by tar sands projects doesn't stop with the oil companies. It continues on to the banks and investors that finance the industry.


On March 3rd, 2010 Dogwood staff and Victoria residents showed up at the Royal Bank of Canada's Victoria headquarters to draw attention to RBC's role as Canada's largest financier of dirty fuels, including the tar sands.

Banks Finance Fossil Fuels



At the same time, hundreds of activists - led by Rainforest Action Network - and Indigenous community members were on the ground at the RBC annual shareholders meeting demanding that the bank pull out of the tar sands and honor Indigenous rights.

You can turn up the volume on these demands by making a call to RBC today

Here's how:

    1. Call RBC toll-free at 1-800-769-2540

    2. Tell the RBC representative that you'd like to request that RBC stop financing the Alberta tar sands and publicly endorse the UN Declaration on the Rights of Indigenous Peoples, including the right to Free, Prior and Informed Consent.

 

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Comments (3)

Kitimat resident against the oil port Mar 12, 2010 01:28 PM
I wrote to RBC to complain about their involvement in the Tarsands. Their answer includes "We are not going to abandon the energy sector" and "as long as the world needs energy, and as long as a stable country like Canada has the resources, the oil sands will be developed."
I would like to transfer my accounts, RRIFs, etc. to a bank or credit union which does not support the tarsands AND which does not contribute to any political party. Any suggestions?
Eric Swanson Mar 17, 2010 10:49 AM
Check out these guys, who are in Kitimat. https://www.envisionfinancial.ca/Personal/AboutUs/
And report back if you can.
celia king Mar 17, 2010 10:49 AM
RBC's entrenched position does not harbour innovation for alternative energy - yet another reason Canada will be left behind and forced to purchase the new green energy technologies from other nations. RBC is committed to the Canadian 'brain-drain': our nation's most creative and technologically savvy inventors fleeing this Canadian version of the 'status quo'. I too wanted to immediately dump RBC - however, as a long-time customer, I might have more clout. Change comes from within.....
Stand up for BC. Join us.

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