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Scotiabank

#2 financier of fossil fuels in Canada.

Your bank is failing on climate responsibility.

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.


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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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

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