Protestors Call on RBC to End Fossil Fuel Funding

Watch footage from Tuesday, Mar. 21’s protest outside of the Royal Bank of Canada (RBC) regarding their investments into fossil fuels.
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Senior Video Editor: Mackenzie Loveys

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What the Royal Bank is doing is financing major oil and natural gas infrastructure projects will that supply vital fossil fuels to Canada and the world. These infrastructure projects mainly pipelines will create jobs for Canadians, wealth for the First Nations reserves that are involved and employment for the First Nations peoples in those areas the pipeline crosses their land.
Just some points that these young protesters may not be aware of:
- The video mentions the natural gas pipeline (Coastal Link pipeline) that will cross the Wet'suwet'en lands to reach a major LNG project in Kitimat, BC. There is also another First Nations' smaller LNG project that will get natural gas from that
pipeline. There is already a natural gas pipeline that crosses the Wet'suwet'en lands and it has been in existence for 40 years with no issues. Just the Coastal Link Gas pipeline and large LNG plant is a $ 40 billion project. The largest $ project in the history of Canada. These projects are creating a lot of jobs for Canadians and First Nations peoples.
-Do some research and you will find the Wet'suwet'en Hereditary Chiefs are more concerned about who gets the millions of $ of the right-of-way payments than the actual pipeline being on Wet'suwet'en lands. The Elected Reserve Chiefs signed the deal with the Coastal Link Gas Company, not the Hereditary Chiefs. The Reserve Chiefs are the ones that do all the day-to-day business for the Wet'suwet'en peoples. The elected Chiefs are actually a smart group with good business acumen. The Hereditary Chiefs claim only they own the land as their forefathers signed agreements with the Crown. Kind of like a King. So this is not about a pipeline it is all about money.
-The objective of selling natural gas from Canada to Asian markets is to displace the use of coal for electrical power plant generation.
I-Not sure which organization organized this protest but let's take a look at some of the Environmental Groups and what they do with the money they get from donations. Greenpeace Canada directors receive salaries of $299,000 to $245,000 plus pension plans and benefits. World Wildlife Fund USA. The CEO makes $1,093,349 Thirteen other directors make from $532,582 to $245,718 plus of course benefits and pensions. These are just 2 Environmental organizations but you should also be aware of how these organizations spend the money they collect. Basically, they spend the vast amount of their money on executive salaries and advertising to get more donations. They sure seem to be taking care of themselves? They contribute nothing to the economies of the countries they operate in.
-Canada contributes around 1.8% of the world's GHG emissions, but Canada is also a cold climate country. Canada has always been mindful of generating electrical power from non-GHG emission sources,83% of Canada's electrical power is produced by non-emitting GHG sources. Three countries contribute 50% of world GHG emissions China, India, USA. The USA is vastly reducing GHG emissions by converting coal electrical power plants to using natural gas. China and India are expanding the use of coal and building hundreds of new coal-fired electrical plants.

[@frankzasadny1898]

The reality is fossil fuels will always be required. Net zero emissions are a fantasy. Coal will always be a energy source.

[@lilamz986]

You nailed it