TD Pensions
- Details
- Published on Sunday, 29 November -0001 16:00
- Written by editor
A,
TD is still financing the climate crisis. The bank is one of the top ten biggest funders of fossil fuel projects worldwide. It dumps billions every year into big oil and gas -- including destructive pipelines and tar sands mines.
But did you know that your retirement savings could help make TD change its ways and be part of the solution to slowing climate change?
That’s because if you have a pension, including CPP or CDPQ, it’s almost certainly invested in TD and that means you have the power to force TD to stop financing climate catastrophe.
We submitted a groundbreaking shareholder proposal calling on TD to stop funding any new fossil fuels expansion by the end of 2022. If you are a shareholder, you can make double the difference by voting your shares for proposal 1 through the proxy circular as well as pressuring your pension fund.
Can you ask your fund manager to vote for our proposal?
This proposal would ensure that TD takes the bold action needed to prevent climate catastrophe. In fact, top scientists and policy makers say that no new fossil fuel expansion is the only way to meet the Paris Climate Agreement.
But in order for... it to pass, we need your help.
By emailing your fund manager today you can help make sure some of TD’s biggest investors -- like your pension fund -- back our plan to force TD to take action on climate chaos.
With TD’s big shareholder meeting only weeks away, its investors are already deciding how to vote on our proposal, so we have to act fast. We’ve made it super easy for you to send an email. It only takes a minute and makes a huge difference.
I’ll ask my fund manager to prevent climate catastrophe.
TD is one of the biggest funders of fossil fuels in the world. Its plans to reduce fossil fuel funding reek of greenwashing, and could actually mean they are funding more, not less, fossil fuels by 2030.
Already, almost 35,000 of us have called on TD bank to pull the plug on fossil fuel financing.
And now, nine amazing SumOfUs members like you who own shares in TD have been generous enough to work with us and submit our shareholder proposal which could force TD to take bold enough action to end climate catastrophe.
Fund managers are not used to hearing from their contributors and that’s why your email today could make such a big difference. You’re paying into a retirement fund, you should have a say on what is being done with your money.
And your money could make TD step up and take leadership to ensure a liveable future for us all.
Send an email today to prevent climate catastrophe.
SumOfUs has been instrumental in leveraging the power of shareholders to make changes inside corporations. Earlier this month, we were close to getting Apple to take tougher action on forced labor in its supply chain.
Together, we can work together to change corporations for the better -- from the inside.
Thanks for all that you do,
Angus and the team at SumOfUs
PS. Our friends at Investors for Paris Compliance also filed a great climate shareholder proposal at RBC. By clicking on our tool, you can also ask your fund manager to vote for that proposal as well.
More information:
As AGM Season Gets Closer, Banks Are Signalling How Seriously They Take Climate
National Observer, Mar. 11th, 2022
Banking on Climate, Fossil Fuels Financing Report 2021
Rainforest Action Network
SumOfUs is a community of people from around the world committed to curbing the growing power of corporations. We want to buy from, work for and invest in companies that respect the environment, treat their workers well and respect democracy. And we’re not afraid to stand up to them when they don’t.
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