Thread by @standearth

BREAKING: @HSBC just announced that it will stop financing any new oil and gas fields! This is HUGE.

Now @RBC should follow its lead, stop financing fossil fuels, and #DefundClimateChaos 🧵

@HSBC @RBC @decolonialsol @350Canada @CANRacCanada @leadnowca @GreenpeaceCA @Tzeporah @Indigenous_ca @ecojustice_ca @Gidimten HSBC is the first of the major global banks to announce this phaseout. Now, all the other banks can see that it's possible to choose to stop funding new fossil fuel fields.

There's no excuse for other major fossil fuel financiers like @RBC

It's not a shock that HSBC exempted HSBC Canada from this new policy – because it's being purchased by RBC.

Instead of trying to halt progress, @RBC can do the right thing and stop financing new oil and gas fields too.

HSBC proved it's possible, it's time for RBC to do it.

Europe’s largest funder of fossil fuel expansion is making this commitment because of pressure from thousands of people around the world.

It is a huge testament to the power and momentum of climate justice and Indigenous sovereignty movements. It’s proof we can win.

While HSBC is making this historic announcement, RBC has been doubling down on fossil fuel financing, continuing to mislead Canadians about its climate commitments and funding projects that violate Indigenous rights.

Instead of funding fossil fuels & Indigenous rights-violating projects, @RBC CEO Dave McKay can choose to follow HSBC's lead

Dave, help Canada meet its climate goals. End fossil fuel financing, & reinvest in climate safe solutions.

Send Dave a message : stand.earth/stopRBC