Canadian Western Bank
Your bank is failing on climate responsibility.
At the end of 2023, Canadian Western had $485 million CAN of loans to the oil and gas production industry. We see no evidence of it providing financial support to the renewable energy sector. It has not disclosed greenhouse gas emissions associated with its lending, has no policies stating it will not lend to fossil fuel companies, and is not offering any green products such as preferential loans to incentivize environmentally-friendly behaviors.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
Start to Bank Green Today
Banks live and die on their reputations. Mass movements of money to fossil-free competitors puts those reputations at grave risk. By moving your money to a sustainable financial institution, you will:
Send a message to your bank that it must defund fossil fuels
Join a fast-growing movement of consumers standing up for their future
Take a critical climate action with profound effects