Your Banks are Funding Climate Change (Media Posts)

In a world raw from the extensive effects of the ever-worsening climate crisis, the last thing we need is for the already problematic fossil fuel industry to keep growing. But that’s precisely what it’s doing, and Canada’s biggest banks are fueling its expansion with your money!

From RBC to Scotiabank, the “Canadian” banks handling your money are funding, and profiting off of, environmental disaster. They know what this will cost us, but they simply do not care.

On January 29th, from 1-2 pm MST, climate strike groups across so-called Canada hosted the Fossil Banks Online Teach-In.

We are in a crisis. It’s time to tell your bank that you refuse to bank on climate change!

On January 29, we participated in the national day of action, with many other youth climate groups across the country, to call on Canada’s Big Banks (RBC, CIBC, BMO, TD and Scotiabank) to divest from the fossil fuel industry and stop funding the climate crisis. We put up the posters pictured above to educate the general public about the ways in which banks contribute to the climate crisis and provide them with resources to educate themselves on the issue and lobby for divestment.  

You can find more information and resources, such as a template for sending a letter to banks CEOs. Click here for a full list of resources and ways to help.

If you’d like to put up a few of these posters in your own neighborhood (following temporary signage bylaws, of course), click here to download the PDF.

Green New Deal Letter Template

Send this letter to your elected officials to tell them you want a green new deal! Just delete and put in the relevant information for all [squared bracketed] text.

Subject: Adopt a Green New Deal to Create a Just Recovery for All

Dear, [Mr/Mrs/Right Honourable/etc]

I am a [resident/constituent/citizen] of [riding/ward/constituency/province/city] and I wanted to personally contact your office regarding the adoption of a Green New Deal for [Alberta/Canada/Calgary]. I [am a student/or work in the BLANK industry], and I am concerned for [my future, future of the planet, children’s future, etc]. The IPCC’s (Intergovernmental Panel on Climate Change) 2018 report demonstrates that humanity only has till 2030 to cut emissions in half and reach net zero emissions by 2050 in order to maintain global average temperatures below 1.5 degrees celsius. I highly encourage you to read this report if you have not done so.

The Green New Deal offers solutions to carry our [provinces/cities/countries/] weight in cutting our emissions while maintaining and expanding our economy and social support structures.  I believe in the principles and policies of the Green New Deal, specifically [transportation, jobs, energy, housing, food security, etc (Elaborate as to why you like this policy)]. As my elected official, it is my hope that you will hear my concerns and use the power voters have given you to enact the set of policies included in the Green New Deal.

Thank you for your time, I look forward to seeing your actions in implementing the Green New Deal for [Calgary/Alberta/Canada]

Sincerely,

[Your First and Last Name]

The Impacts of Climate Change on Marginalized Communities

Infrastructure

Low-income countries such as Brazil, Bangladesh, India, and those within the sub-Saharan African region as well as island populations seen in and around New Guinea, Indonesia, and the Caribbean,  are just some of the nations that are considered “low-income” or “developing” and consist of mainly brown and black populations. These nations are more vulnerable to climate variability as climate change is correlated to the increased magnitude and frequency of extreme weather events. Typically, low-income countries do not have the strongest adaptive capacity or mitigation measures. This reduced capacity is due to a multitude of factors that relate to the lack of financial and technological resources they cannot afford to develop. Developed or higher-income countries, such as Japan, South Korea, Singapore, and many Western and European nations, are in better positions to afford the adaptation and responses to climatic changes (Mirza). Understanding the socio-economic constraints of developing nations can assist in our understanding of how the local populations will be affected by climate change and how best to ensure effective climate justice can be implemented according to the needs and circumstances of each nation.

Agriculture/Economy

Many developing countries have growing industries that are predisposed to heat and climate variability sensitivity. These industries like agriculture and energy are threatened by and have felt the effects of, the upwards trend of global annual temperatures rising. Many developing nations are dependent on the Earth’s natural resources, which result in a higher dependency on industries like agriculture. With the increased variance in weather patterns, severe events, and increased global temperatures, water shortages, soil degradation, and soil/water contamination is a large threat to these industries (Mendelsohn). 

“The Stern Report on the Economics of Climate Change predicts that by 2100, in South Asia and Sub Saharan Africa, up to 145–220 million additional people could fall below the $2-a-day poverty line, and every year additional 165,000–250,000 children could die compared with a world without rapid climate change.”

When the local soil undergoes degradation, crop yields are reduced and this causes more food scarcity, on top of this, nutrient-deficient soils create nutrient-deficient foods and contribute to nutrient deficiencies and malnutrition in the local populations (St.Clair and Lynch).

Disease and Death

Global temperature increases have the potential of increasing the number of people at risk of malaria to more than 150 million people (5% globally) as well as dengue (another mosquito-borne disease) which has seen an upwards trend in transmission rates over the past few decades (“Statistics on Climate Change”).  Insect and water-borne diseases have a larger impact on developing countries compared to developed countries, leaving them at a disproportionately higher risk of death due to increased exposure of disease and lack of access to services and healthcare. Pollution-caused health effects and deaths are also higher in developing countries. The graphic shows how generally climate change affects human health, however, developing countries are disproportionately affected by these adverse health effects.

Racism

White supremacy is a contributing factor to climate change and is the reason why many developing countries are being disproportionately affected by climate change and related issues. Companies that outsource labour and extraction efforts, with respect to varying levels of intention, are aware of their role in white supremacy. Western, or predominately white, nations do not have to bear the brunt of the adverse effects of the processes they are outsourcing from developing nations. The workers are oftentimes exploited for cheaper labour and surrounding communities are in close proximity to waste disposal and treatment sites that are not regulated, to which many developed nations send their waste to as it is much cheaper comparatively (Marbury; Park). While the Basel Convention treaty is in place to prevent this from happening, it is not legally binding.

What can we do now?

The climate crisis is intrinsically connected to institutionalized racism and the lives of people of colour across the globe. Climate change is a “wicked problem” and it will take solutions from multiple angles to solve it. 

  • It’s important to not only educate yourself but also your peers. We must break down barriers of understanding and begin to examine the intersections of the climate crisis. 
  • Racism permeates every aspect of our culture and society, from our education systems to the overarching capitalist institutions, and everything in between. It’s important to recognize this and equip yourself with the knowledge you need to help bring about change.
  • On an international scale, we must recognize simple petitions will not be effective. However, locally and nationally pressuring government bodies and mobilizing the people to enact policies and programs to dismantle institutions that disproportionately impact communities here, may prove more effective leading to international action. 
  • Refer to our post on how marginalized groups are disproportionately affected by climate change and lack of inaction here in Canada to start!

Bibliography

  • Marbury, Hugh J. “Hazardous Waste Exportation: The Global Manifestation of Environmental Racism Notes.” Vanderbilt Journal of Transnational Law, vol. 28, no. 2, 1995, pp. 251–94.
  • Mendelsohn, Robert. “The Impact of Climate Change on Agriculture in Developing Countries.” Journal of Natural Resources Policy Research, vol. 1, no. 1, Routledge, Dec. 2008, pp. 5–19. Taylor and Francis+NEJM, doi:10.1080/19390450802495882.
  • Mirza, M. Monirul Qader. “Climate Change and Extreme Weather Events: Can Developing Countries Adapt?” Climate Policy, vol. 3, no. 3, Taylor & Francis, Jan. 2003, pp. 233–48. Taylor and Francis+NEJM, doi:10.3763/cpol.2003.0330.
  • Park, Rozelia S. An Examination of International Environmental Racism Through the Lens of Transboundary Movement of Hazardous Wastes. p. 53.
  • “Statistics on Climate Change.” MGH Institute of Health Professions, 21 June 2018. www.mghihp.edu, https://www.mghihp.edu/academics-schools-departments-school-nursing-about/statistics-climate-change.
  • St.Clair, Samuel B., and Jonathan P. Lynch. “The Opening of Pandora’s Box: Climate Change Impacts on Soil Fertility and Crop Nutrition in Developing Countries.” Plant and Soil, vol. 335, no. 1, Oct. 2010, pp. 101–15. Springer Link, doi:10.1007/s11104-010-0328-z.
  • Denchak, Melissa (2018). Flint Water Crisis: Everything You Need to Know
    https://www.nrdc.org/stories/flint-water-crisis-everything-you-need-know
  • Petition Against Nestle stealing Indigenous water https://www.change.org/p/nestle-canadian-stop-nestl%C3%A9-from-stealing-water-from-indigenous-communities?use_react=false

Racial Minorities & Climate Change

At a local scale

Arctic and Subarctic Indigenous Peoples:

Here in Canada, it is the arctic and subarctic that are most affected by climate change. This has changed the Inuit peoples’ relationship with the land profoundly. The melting of sea ice and permafrost, rise of ocean levels, increased acidification, erosion, and extreme weather all impact the Inuit peoples’ abilities to harvest, travel, reside and recreate on their homelands. Being cut off from traditional activities has also left many suffering with their mental health, and feeling like they’ve lost a part of their identity.

These changes in the natural environment have had severe impacts on local infrastructure, threatening the stability of homes, and public infrastructure, such as buildings and roadways.

This amplifies the social inequalities that these communities are already facing. 

For example, in Tuktoyaktuk, a coastal hamlet in the north of the  Northwest territories, sea ice is melting at exponential rates. This is causing the ocean levels to rise, eroding the coast. This coastal erosion is posing threats to homes and other buildings near the water.

Boil-Water Advisories

We can see in Canadian policy that environmental racism against indigenous communities is persistent. For example, the lack of action to ensure that there is access to clean water for all indigenous communities is exceptionally apparent. There are over 100 different cases of boil-water advisories that have been persistent for decades across Canada, most notably might be Shoal Lake 40, as they have been under a boil-water advisory since 1977 and are currently awaiting completion of their new water treatment plant that is projected to be finished in December 2020 (Canada Has 1838 Drinking-Water Advisories – ProQuest; “Drinking Water Advisories|Measures the Number of Communities under Drinking Water Advisories”). While water advisories impact many communities across Canada, indigenous communities are disproportionately affected due to the minimal attention and lack of systemic change. 

While the government has made changes to eliminate some of the many boil-water advisories across Canada, the national risk score of the water quality (1-10 with 10 being the most dangerous) still remains high and nearly unchanged. And just because an Indigenous community doesn’t have a boil-water advisory in effect, doesn’t mean that they have good healthy water either (Gerster & Hessey, Why some First Nations still don’t have clean drinking water — despite Trudeau’s promise, 2019).

Black Communities and Climate Change:

In Canada, the Black community, in particular, is greatly threatened by climate change in terms of both its environmental and political implications. Historically speaking, individuals of African descent were herded into communities that possessed inherent disadvantages — they were established in areas without proper infrastructure. These disparities mean a lack of sufficient economic and political resources to effectively shield the communities from severe natural disasters as well as their abysmal results.

Additionally, numerous communities border forests. Dry spells brought on by climate change would not only result in decreased productivity, but could end in devastating forest fires. 

For example, Black Nova Scotian municipalities such as North Preston and Cherry Brook border forests. They simply do not have the tools to prevent mass economic casualties resulting from climate change, nor do they have the means to constructively heal their communities after the fact. 

At a Global Scale

In general, the world’s poorest communities live on more fragile land, meaning that their homes are more vulnerable to the consequences of more extreme weather patterns, rising sea levels and other natural events caused by climate change. When their livelihoods are destroyed, this pushes them even further into poverty. 

More intense weather also creates climate refugees, those who are without a home in their own countries and are very vulnerable. 

Studies in the United States have said that low-income communities are more likely to be in close proximity to a hazardous waste site and exposed to higher levels of pollution. 

And because of a lack of resources, these communities have a harder time rebuilding their communities after a natural disaster or storm.

Bibliography: