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Home Investment

Philly environmental groups picket TD Bank over Line 3 investment

GrR by GrR
July 16, 2021
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Philly environmental groups picket TD Bank over Line 3 investment
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Ellen Somekawa, an organizer with the Philly Water Protectors, said the project violates Native American treaty rights, risks environmental contamination, and would bring more carbon emissions.

“[TD’s] support through loans and bond issues and other funding are what makes this pipeline possible,” Somekawa said of the banking giant. “Tar sands are one of the dirtiest forms of fossil fuels, so you think about this thing going through Native lands, including our precious water resources.”

Protesters with the Philly Water Protectors gathered at 15th and JFK Boulevard outside TD Bank to rally against the Line 3 tar sands pipeline in Minnesota, which is being financed by TD, on July 16, 2021. (Kimberly Paynter/WHYY)

TD Bank declined to discuss the project or its investments in Enbridge, but countered that it also invests in green energy and aimed to radically reduce its climate impact –– albeit several decades down the road.



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