OSFI: introduce stringent and effective climate regulations for big banks like RBC

10,904 actions
goal: 15,000
Big banks like RBC are getting away with investing billions into the climate-killing fossil fuel industry, bankrolling massive projects like Coastal GasLink and TMX. [1, 2, 3] So far, they’ve faced no consequences from banking regulators — but we have a rare opportunity to change that.

Right now the banks regulator — the Office of the Superintendent of Financial Institutions (OFSI) — is considering tightening up the rules on whether banks should be allowed to invest in the dirty oil and gas industry. And they want to hear from the public (that’s us!) about what they should do. [4]

OFSI doesn’t normally get a lot of public attention. So a huge swath of public pressure, demanding that they set stringent rules on limiting banks ability to invest in fossil fuels, could help convince them to introduce regulations that stop big banks from profiteering off of torching our planet.

Will you send a message as part of the consultation now? If you’ve never submitted to an OFSI consultation before, don’t worry - we’ve included a template you can use. It’ll take less than two minutes.
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