TD Bank Divestment from Keystone XL a Hoax by Tar Sands Blockade
This morning, a fake press release was sent from an email address at yourtdbank.com, to a parody website designed to look like TD Bank's press page announcing the bank's divestment from Keystone XL and tar sands. The fake release cited President Obama's recent climate speech and a host of economic problems for the tar sands industry as reasons for TD Bank’s decision to sell its $1.6 billion stake in Keystone XL and live up to their motto to be “As Green As Our Logo.”
The media stunt was claimed by the Texas-based nonviolent direct action organization, Tar Sands Blockade, who over the last year has successfully caused major delays to the construction of the southern segment of the Keystone XL tar sands pipeline. The fake story was published by media sources such as International Business Times, before later realizing it was a hoax.
Today’s hoax was part of a sustained campaign to encourage financial institutions bankrolling Alberta’s tar sands industry to divest from toxic projects like Keystone XL and highlight TD Bank's blatant hypocrisy on environmental issues.
Yesterday, TD Bank touted their eco-consciousness by announcing a partnership with the Nature Conservancy to preserve 107 acres of Florida forests. The tar sands mega-project, which analysts say will only be economically viable if Keystone XL and other pipelines are built, would destroy or degrade 34 million acres of the world's largest, most pristine forest and the largest terrestrial carbon sink.
“Today's media stunt was intended to hold TD Bank accountable for bankrolling the most ecologically devastating project on planet Earth. If TD Bank wants to be 'as green as its logo,' then it must immediately divest from tar sands exploitation and Keystone XL, which will have devastating climate impacts,” said Ron Seifert, a Tar Sands Blockade spokesperson.
“TD Bank’s green-washing of its preservation of 107 acres in Florida while simultaneously investing in the destruction of a forest the size of the entire state of Florida is downright absurd and must be brought to light.”
By Jake Johnson
Amid reports that oil industry-friendly former Energy Secretary Ernest Moniz remains under consideration to return to his old post in the incoming Biden administration, a diverse coalition of environmental groups is mobilizing for an "all-out push" to keep Moniz away from the White House and demand a cabinet willing to boldly confront the corporations responsible for the climate emergency.
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Anger, anxiety, overwhelm … climate change can evoke intense feelings.
"It's easy to feel dwarfed in the context of such a global systemic issue," says psychologist Renée Lertzman.
She says that when people experience these feelings, they often shut down and push information away. So to encourage climate action, she advises not bombarding people with frightening facts.
"When we lead with information, we are actually unwittingly walking right into a situation that is set up to undermine our efforts," she says.
She says if you want to engage people on the topic, take a compassionate approach. Ask people what they know and want to learn. Then have a conversation.
This conversational approach may seem at odds with the urgency of the issue, but Lertzman says it can get results faster.
"When we take a compassion-based approach, we are actively disarming defenses so that people are actually more willing and able to respond and engage quicker," she says. "And we don't have time right now to mess around, and so I do actually come to this topic with a sense of urgency… We do not have time to not take this approach."
Reporting credit: ChavoBart Digital Media
Reposted with permission from Yale Climate Connections.
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