Scotiabank
#2 financier of fossil fuels in Canada.
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Scotiabank is currently the tenth biggest funder of fossil fuels (https://bankingonclimatechaos.org)
In the 8 years since the Paris Agreement, this bank has funneled $193 billion USD into coal, oil, and gas, rapidly accelerating the climate crisis.
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While you’ve been saving money for a house or a weekend getaway, Scotiabank has been using your savings to provide financial support to some very questionable fossil fuel friends. And it's not just a little here and there. Totaling $193 billion USD in the 8 years since 197 countries agreed to drastically reduce their greenhouse gas emissions in the Paris Agreement.
Scotiabank is currently the number 3 financier of Tar Sands companies globally. In 2023 Scotiabank also has high rankings in Fossil Fuel expansion financing (number 6), investments in Amazon Oil and Gas (number 6) and Fracked Oil and Gas (number 10).
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