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Canadian Banks Have an Outsized Impact on Global Fossil Fuel Financing


Canadian Banks Have an Outsized Impact on Global Fossil Fuel Financing
We pledged to reduce emissions by 30 per cent by 2030, but will financial institutions undermine this goal?
Michelle Gamage is a Vancouver-based journalist with an environmental focus who regularly reports on climate for The Tyee. You can find her on Twitter @Michelle Gamage.
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The Banking on a Better Future movement launched April 1.
Photo by Joshua Best.
When 18-year-old climate activist Naisha Khan wants to start a conversation about how banking fuels climate change, she asks someone how they think their bank makes money to pay them interest each month. ....

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Current account switching levels dipped in first three months of 2021


Current account switching levels dipped in first three months of 2021
29/04/2021, 12:05 am
The number of current account customers ditching and switching their bank fell in the first three months of 2021 (Tim Goode/PA)
The number of current account customers ditching and switching their bank fell in the first three months of 2021.
A total of 137,976 switches took place in the first quarter of 2021, according to figures from the Current Account Switch Service (Cass).
This marked a 51,297 fall compared with the final quarter of 2020 (189,273) – a time when social distancing measures were relaxed for many people and current account providers started re-introducing switching incentives to the market, Cass said. ....

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