Toronto350
Extinction Rebellion Toronto
FridaysForFuture Toronto/GTA

Divestment and youth movements converge on Toronto office of Barclays Bank over fossil fuel finance

Friday May 24, 12:30 pm
333 Bay St, Toronto

On Friday May 24, climate activists from Toronto350, Extinction Rebellion Toronto and Fridays For Future Toronto/GTA will join a global action targeting Barclays Bank, Europe’s largest financer of fossil fuel industries. A rally outside 333 Bay Street, which houses Barclays’ Toronto business office, will be joined by youth-led Fridays For Future, who will march down Bay Street towards Union Station. The Barclays Bank rally is one of 37 taking place Friday and Saturday, in the UK, Frankfurt, Madrid and Toronto, coordinated by Momentum UK. The Fridays For Future march is one of over 1,200 school strikes in 107 countries to be held on Friday, as part of a Global Strike for Climate (photo by Orville Cummings).

For immediate release: April 1, 2019

Toronto350

Climate advocates urge change at TD Bank Annual Meeting

Thursday, April 4, 8:30 am
The Design Exchange, 234 Bay St, Toronto

On Thursday, April 4, Toronto350 will team up with the Fossil Banks, No Thanks! campaign to lead a demonstration outside Toronto Dominion Bank’s Annual Shareholders’ Meeting. Environmentalists are demanding that the bank’s lending and financing activities align with a safe climate. Independently, TD shareholders at the meeting will consider a proposal to withdraw financing from greenhouse gas polluting projects. TD’s record is documented in a new report on the global banking industry Banking on Climate Change – Fossil Fuel Finance Report Card 2019 .

For Immediate Release Toronto, Board of Trade, March 27th 2015, 12:30pm

CITIZENS CALL FOR TRUDEAU TO FIX HARPER’S NATIONAL ENERGY BOARD AT TORONTO EVENT

Today, the CEO of the National Energy Board (NEB) will be at the Toronto Board of Trade to make an ‘important announcement about Canada’s energy future.’ Just outside of this event, a crowd of peaceful demonstrators took action to call out the illegitimacy of the NEB’s pipeline review process. The group of demonstrators, which includes students, youth and climate justice activists, held space at the registration table for the event, until escorted out by security, with placards strung around their necks. These placards displayed the following messages:

• Canada’s Energy Future shouldn’t ignore Climate Change

• Canada’s Energy Future shouldn’t ignore indigenous rights

• Canada’s Energy Future shouldn’t include Harper’s National Energy Board

• Canada’s Energy Future must have 100% Clean Energy

Once escorted out, they held a mock press conference outside of the building.

Yesterday the Trudeau Government announced they would require an additional climate test for the Kinder Morgan and Energy East Pipelines. While this is a victory for the directly affected communities fighting these projects, it ignores how any new fossil fuel infrastructure is incompatible with the Trudeau Government’s promise at the Paris Climate negotiations to strive to limit global warming to 1.5C.

“These commitments are a great start,” said student divestment campaigner, Ben Donato-Woodger, “but the government is still trying to push through projects such as the Kinder Morgan and Energy East pipelines using the Harper government’s assessment process. If they’re committed to real action, they must redo the review process for these projects – or reject them outright given the massive Indigenous and public opposition, as well as the dire repercussions for the climate.”

These demonstrators are also expressing their opposition against a pipeline review process that does not respect Indigenous rights, and one that is currently being challenged in courts by Indigenous communities such as the Tsleil-Waututh Nation. These Toronto-based activists are not alone. Hundreds of other people across Canada that have mobilized over the last two weeks in opposition to the broken pipeline review process -- including at the Kinder Morgan hearings in Burnaby, the office of the Minister of Natural Resources in Winnipeg, and at the Prime Minister’s constituency office in Montreal. “It’s 2016. Canada’s energy future needs to be powered by Indigenous and community-led renewable energy projects – not antiquated fossil fuel infrastructure.” said Suhail Barot, a Toronto engineer.

Contact Information: Ben Donato-Woodger 416-320-0340 [email protected]

The Paris Agreement is a landmark step to prevent global catastrophe, and moves us closer to a world free of fossil fuel burning. It is also admirable that finances are to be allocated through the Green Climate Fund to not only fight climate change, but to agree to distribute those funds on a needs basis.

However, as many other environmental advocates have noted, this agreement fails on a number of key points. Notably:

December 16, 2015 | For Immediate Release

University of Toronto on Track for Largest Fossil Fuel Divestment to Date in Canada

Presidential Committee Recommends Divesting From Fossil Fuels Companies Who Will Warm the Planet by more than 1.5 ℃

Toronto, ON -A University of Toronto Committee just recommended immediate targeted divestment from fossil fuel companies whose activities “disregard a 1.5-degree threshold” of global warming. UofT is now poised to be the largest Canadian university to commit to divesting from most fossil fuel companies. The University of Toronto fossil fuel divestment campaign welcomes the Committee’s opinion that “the social injury caused by fossil fuels companies whose actions blatantly disregard the 1.5-degree threshold is clear, egregious, and inordinate.” Jade Wong, a student organizer commented on this saying, “this decision reinforces the Paris Climate Agreement’s implication that the era of fossil fuels is over.”

For your immediate release, October 27th, 2015:

200+ University of Toronto Professors Call for Divestment from the Fossil Fuel Industry, Students March on Campus

Toronto, ON--More than 200 University of Toronto faculty members have signed an open letter urging the University to drop all of its direct stock holdings in coal, oil, and gas. Professors from dozens of departments, from engineering to anthropology, signed the open letter, available at UofTfacultydivest.com. A recommendation on divestment will be made to the U of T administration by an advisory committee this December, close to the time when UBC is expected to decide.

Toronto, Ontario – Today, three days of historic climate action in Canada culminated in the March for Jobs, Justice and the Climate from Queen’s Park to Allan Gardens in downtown Toronto. The march was an unprecedented mobilization in Canada, bringing together a broad coalition of groups all marching for a justice-based transition towards a green economy.

Toronto, Ontario – This afternoon at 1:30pm, various climate action and First Nations groups including Toronto350.org gathered outside the Four Seasons Hotel holding anti-pipeline banners for Enbridge’s annual general meeting. 

Toronto, Ontario – Sunday April 12^th and Monday April 13^th 2015 – This afternoon from 2-4pm climate action organization Toronto350.org hosted a Block Energy East block party outside MP Adam Vaughan’s office. This event happened on the heels of the April 11^th Act on Climate Rally in Quebec City and it is not over yet! Another block party is scheduled to occur tomorrow outside MP Chrystia Freeland’s office at 1027 Young Street from 4-6pm.