July 24, 2017

Fighting Fire with Fire: ICBA ends business relationship with Desjardins over pipeline financing

Christopher WilsonRebel Commentator

Are you looking for a bank or credit union that is more concerned with being a social justice warrior than with banking? Sadly, that’s exactly what The Desjardins Group - a credit union largely based in Ontario and Quebec - is doing. 

Desjardins announced they would temporarily suspend their involvement in financing Canadian energy projects such as the Kinder Morgan Pipeline after receiving a letter from dozens of far left environmental activist groups many based outside of Canada.

These groups made several dubious and unfounded claims against the Canadian oil industry and our proposed pipelines.

While it would usually fall to us at The Rebel to lead the campaign against Desjardins since so few institutions on the right or associated with the oil and gas industry are willing to fight back, but that’s no longer the case.

The Independent Contractors and Businesses Association of BC is once again fighting fire with fire.

Watch as their spokesman Jordan Bateman tells me how the ICBA is ending their business relationship with Desjardins and starting a campaign to fight against their decision to bow to pressure from foreign activist groups.

Imagine for a minute what TransMountain and Kinder Morgan must be thinking as a financial institution that originally agreed to finance their pipeline after they jumped through regulatory hoops and won political battles, now a mere two months away from breaking ground, and they hear some foreign activists are trying to collude with Desjardins and other financial institutions to stop the financing?

I’d be pretty damn upset, and if I’m a Kinder Morgan executive in Texas, I’m probably thinking I may never invest another dollar in Canada if it’s held hostage by environmentalists and virtue signalling Credit Unions.

If you want to add your voice and send a message to Desjardins, go to www.get2yes.icba.ca.

Comments
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commented 2017-07-25 13:17:00 -0400
“Rebelation Rebelation commented 12 hours ago
Andrew. A lot actually. Quebec and Ontario provide a lot of parts and technology, however, it’s irrelevant, as this is about work in those provinces. I guess you thought nobody would see through your disingenuous argument – WRONG!!”

I don’t think it’s disingenuous at all. Desjardins likely has a much greater sway on pipeline construction, than a small business association in BC has on Desjardins,due to simple geographical factors. “Fighting fire with fire”? Sure, but Desjardins holds a flamethrower and ICBA is waving a lit match around.
commented 2017-07-25 02:16:27 -0400
Andrew…. zero minus zero is zero. Were you referencing your IQ?
commented 2017-07-25 01:25:14 -0400
Andrew; Who knows, but at least they’re taking a stand against foreign interference. That’s good, right?
commented 2017-07-25 01:25:07 -0400
Andrew. A lot actually. Quebec and Ontario provide a lot of parts and technology, however, it’s irrelevant, as this is about work in those provinces. I guess you thought nobody would see through your disingenuous argument – WRONG!!
commented 2017-07-25 01:08:24 -0400
How much business does ICBA actually do with this primarily Ontario and Quebec based company?

Talk is cheap. Zero minus zero is zero.
commented 2017-07-24 22:43:06 -0400
It’s time the private sector stepped up to the plate to batter foreign interference in Canadian politics and commerce.
commented 2017-07-24 21:24:04 -0400
All the more reason to separate. Saskatchewan might join us. We could have our own carbon tax…….NOT
commented 2017-07-24 19:15:07 -0400
Problem is that the political will of our governments is to stop pipelines, not to get them built. No one believes Notley or Baby are of the latter persuasion. If it was the reverse, the governments would pressure to complete the financing and to end foreign interference. The fact that we have our obstructionist governments is the fault of one group of Canadians, voters. Sadly, as the standard of living deteriorates, they have not learned.
commented 2017-07-24 18:21:35 -0400
This is what globalism is: our wealth and economy driven entirely by decisions made by big banks and big corporations, obviously never for our benefits but theirs.