TD Bank Gets Punked: Tar Sands Blockade Highlights Bank’s Tar Sands Support

From Common Dreams:  http://www.commondreams.org/headline/2013/06/28-2

The bank “should be held accountable” for bankrolling “the most dangerous and ecologically devastating practice on earth,” says group

Andrea Germanos

Tar Sands Blockade pulled a prank on TD Bank on Friday in an action to highlight the bank’s support for the Keystone XL pipeline and the tar sands, which the group described as “the most dangerous and ecologically devastating practice on earth.”

“The bank should be held accountable” Ron Seifert, a spokesperson with Tar Sands Blockade, told Common Dreams Friday afternoon, confirming that the group was responsible for the action.

-Tar Sands Blockadepress release issued Friday, purportedly from the bank, said that the institution was going to begin selling its $1.6 billion stake in the tar sands carrying pipeline and “other oil sands related ventures” following President Obama’s recent climate speech and “increasing controversies and economic difficulties for Alberta’s oil sands.”  It continued:

“Divesting from Keystone XL not only makes financial sense given the uncertainties surrounding the project, but it fits with out pledge to be ‘As Green As Our Logo’,” says TD Bank Environmental Director Diana Glassman.

“The short term dictates of the market and the concerns of our shareholders are of course the primary motivation behind the move away from oil sands, but thankfully, doing so will serve to protect other investments in the long term.” says TD Chief Economist Craig Alexander, “Climate change is bad for business and economic stability in general, and the scientific community has been very clear about the climate change impacts of Alberta’s oil sands.”

The release was sent out and posted to yourtdbank.com, a site that appears to mirror the actual tdbank.com site.

Obviously getting some attention—perhaps including some praise for the recognizing the climate change impacts of the tar sands—TD Bank tweeted this morning:

Continue reading at:  http://www.commondreams.org/headline/2013/06/28-2

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