TD financed tar sands companies to the tune of 22.51 billion U.S. dollars between 2016 and 2019. Tar sands are also known as oil sands, and are used to produce gasoline and other petroleum products. Companies involved in tar sands production received 21.78 billion U.S. dollars in financing from another Canadian bank, RBC, within the same period.
Cumulative financing of tar sands companies by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars)
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Statistics
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Rainforest Action Network. (March 18, 2020). Cumulative financing of tar sands companies by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars) [Graph]. In Statista. Retrieved March 08, 2021, from https://www.statista.com/statistics/1090342/bank-financing-tar-sands-companies-globally/
Rainforest Action Network. "Cumulative financing of tar sands companies by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars)." Chart. March 18, 2020. Statista. Accessed March 08, 2021. https://www.statista.com/statistics/1090342/bank-financing-tar-sands-companies-globally/
Rainforest Action Network. (2020). Cumulative financing of tar sands companies by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: March 08, 2021. https://www.statista.com/statistics/1090342/bank-financing-tar-sands-companies-globally/
Rainforest Action Network. "Cumulative Financing of Tar Sands Companies by Selected Banks Worldwide from 2016 to 2019 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Mar 2020, https://www.statista.com/statistics/1090342/bank-financing-tar-sands-companies-globally/
Rainforest Action Network, Cumulative financing of tar sands companies by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1090342/bank-financing-tar-sands-companies-globally/ (last visited March 08, 2021)