No more loans for Trans Mountain!

This ballooning boondoggle has burned through tens of billions of dollars. Tell Canada’s big banks to stop throwing money at TMX – and invest in renewables instead.

Last year RBC, TD, Scotiabank, BMO, CIBC and National Bank gave $10 billion in construction loans to the troubled Trans Mountain pipeline and oil tanker project.

The banks lost money to prop up the project, offering TMX a shockingly low 1.85% interest rate. The company gobbled up that cash and is now looking for $10 billion more to continue the project.

Tell the bank CEOs this is a bad investment for the climate – and their shareholders. They could make more money backing renewable energy.

Financial experts say Trans Mountain will never break even. Send a message warning the banks to get out while they still can.

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