Greenpeace Canada is launching an email campaign to persuade TD Bank CEO Bharat Masrani to withdraw financial support for Kinder Morgan’s controversial Trans Mountain pipeline expansion.
The move comes just a week after Montreal-based Desjardins Group, North America’s biggest association of credit unions, announced it was suspending new pipeline investments—and less than a month after ING Bank pulled out of all Canadian pipeline and tar sands/oil sands projects.
“As one of the major banks leading the financing for the Kinder Morgan pipeline, it’s time for TD to get on the right side of history and stop funding tar sands pipelines,” writes Greenpeace campaigner Mike Hudema. “TD’s CEO has the power to stop funding tar sands pipelines, but it’s up to us to put the pressure on.”
Hudema notes that campaigners were in touch with Desjardins just days before the co-op giant announced its decision. “We pressed them not to finance controversial tar sands pipeline projects—and the pressure is clearly working,” he says. Now, he’s asking for emails to Masrani, calling on TD to follow Desjardins’ and ING’s example.