Student win: York Federation of Students
The York Federation of Students votes to close BMO account, moves to a credit union and endorses #RBCOffCampus demands
On March 21, the York Federation of Students officially divested form the Bank of Montreal. In response to student organizing by a coalition including Student Christian Movement, Change Course, and Fossil Free York, the student union has divested from one of Canada’s biggest funders of fossil fuels and endorsed our campaign:
Be it resolved that:
The York Federation of Students endorse the [Change Course] campaign via the divestment of its funds and financial operations from Bank of Montreal (BMO) to a credit union.
An official statement from YFS states “These greenwashing tactics used by the Big 5 Banks serve as a facade to distract the general public from the harms caused by their ongoing investments. […] They cannot have it both ways. […] Although the movement for climate justice cannot be fought by individual divestent, it is through collective action that we can attain these goals for a just and a brighter future. We call on our sibling unions, campus clubs and individual members to join us in divesting from the Big 5 Bank.”
Solidarity and congratulations to student organizers who continue to win the fight against fossil fuel financing! All power to students and youth!