Canada’s Major Banks Continue to Profit from Climate Disaster
For The Real News, I speak with Alex Speers-Roesch of Greenpeace Canada about two major fossil fuels divestment initiatives announced within the past few days.
The World Bank just announced that it will divest from fossil fuels exploration and extraction, while AXA, the world’s third largest insurer, has announced that it will divest from coal, tar sands and tar sands pipelines.
As Alex explains, however, all of Canada’s major banks remain invested in the tar sands, with Toronto-Dominion Bank being the worst offender.
My discussion with Alex can be seen here: