Vermont Press Releases

Tar sands opponents target TD Bank

March 20, 2012

Hannah Morgan

Montpelier, VT — Dozens of climate justice activists and supporters of the Tar Sands Blockades in the U.S. and Canada are rallied today at TD Bank on Main St in Montpelier, demonstrating opposition to the Alberta tar sands project.

Their target was TD Bank on Main St in downtown Montpelier. TD Bank has more than 15 billion dollars invested in the expansion of the Alberta tar sands project. A group of people closed their TD accounts in protest and shared their concerns about the bank’s well-documented involvement with tar sands corporations Enbridge and TransCanada. “I will not allow TD Bank to use my money to fund the most massively destructive climate crimes on the planet!,” said one climate activist as she closed her TD account.

“TD Bank is one of the largest financiers of the tar sands, having invested billions of dollars over the past decade. By closing your accounts with TD Bank you are taking a small but important action against tar sands development. But ultimately we need TD Bank to make a commitment to their clients and to the climate not to fund environmental devastation and injustice,” said one event organizer Erik Gillard.

Protests come on the heels of nearly 30 towns passing Town Meeting Resolutions opposing the transport of tar sands oil through Vermont’s Northeast Kingdom. “The transport of tar sands bitumen poses severe
risks to the communities burdened by pipeline projects. Toxic spills are inevitable. We must pressure TD Bank to cease its funding of such dangers,” said a Northeast Kingdom resident who came down to close his account at Wednesday’s action.

These actions coincided with demonstrations in over 40 cities worldwide this week.

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