CIBC, make the first move... divest from oil and gas!
Our very own Art Lightstone started this petition. To stop production of fossil fuels we need to do it from all angles!
"A new international report entitled Banking on Climate Change finds that in the three years since the Paris Agreement was adopted, Canada’s big five banks have financed a staggering $454 billion worth of fossil fuel projects! RBC leads the pack, but the CIBC made the top five list as well.
While CIBC ranks within Canada's top five worst supporters of the fossil fuel industry, it is clearly, at this point in time, the one member of Canada's big five banks that is the closest to fully divesting from oil and gas.
Amongst Canadian banks, CIBC is in the best position to fully divest from oil and gas, and could therefore lead the way in Canadian fossil fuel divestment. Once this happens, CIBC will invariably reap the rewards, as it will become the sole destination for Canadian citizens and corporations looking to move their funds away from fossil banks."
More details and to sign petition.