The big 5 Canadian banks have collectively poured over $900 billion into fossil fuels since 2015, directly financing climate change that’s causing devastation all over the world. The Office of the Superintendent of Financial Institutions (OSFI) has the power to reign in bank’s  financing the climate crisis. OSFI is asking for public comments on its Climate Risk Management expectations and deadline for submission ends Friday, September 30th, 2022. 

A personal message in your own words is more powerful, but we have a draft email you can use with key points on why OSFI needs to regulate big banks and their fossil fuel investments.

Here are some messaging points should you to write it in your own words: 

• Guideline B-15 on Climate Risk Management is too weak 

• It does not address financial funding of climate crisis. 

• It only asks for vague climate plans. 

• OSFI should instead force financial industry to set real limits of fossil fuels 

• Financial climate that does not comply with guidelines must face stiff penalties.