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Rising Tide Philly Confronts TD Bank’s Cherry Hill Headquarters Over Tar Sands, KXL Funding

August 9, 2013

Advisory: For Immediate Release

When: 12 noon Monday, August 12th

Where: TD Bank HQ: 1701 Route 70 East Cherry Hill, New Jersey 08034

Contact: Elias Schewel, Rising Tide Philly

email: / mobile: 267 918 9739

Rising Tide Philly Targets TD Bank’s Cherry Hill Headquarters Over Investments in Tar Sands and Keystone XL Pipeline

Local grassroots climate change group takes action against the largest funder of the Keystone XL pipeline and presses for a clean energy future

Cherry Hill, NJ – On Monday August 12th at noon, area residents concerned about climate change’s impacts on the Philadelphia region and on southern New Jersey will gather to peacefully protest in front of the TD Bank headquarters along Route 70.  The protesters are pushing for TD Bank to stop its funding of tar sands petroleum extraction in Alberta, Canada, because of the threat this practice presents to the global climate and to First Nation peoples in Alberta.

TD Bank is also a major funder of the Keystone XL pipeline, which would bring tar sands petroleum from Alberta to Texas to be refined and exported. “We want TD Bank to immediately withdraw its funding from both the KXL pipeline and from tar sands extraction,” Rising Tide Philly organizer Kevin Starbard summed up the demands.

The Monday action is organized in solidarity with a simultaneous large action on Monday mobilized by CREDO, Rainforest Action Network and the Other 98% who will sit-in at the State Department in Washington, D.C. in order to hold political leaders accountable for their complicity with and inaction on climate change.

The Rising Tide Philly protest in Cherry Hill was planned with help from organizers in Texas and Oklahoma who are fighting the pipeline as part of the Tar Sands Blockade.

Philadelphia resident Kevin Starbard explained the importance of connecting TD Bank and Tar Sands extraction in the environmental movement: “In order to take a stand against damaging extractive industries that not only further climate change but also destroy communities on the front lines such as the First Nations of Alberta, we are going after TD Bank for funding this destruction.”

Over 69,000 people across the nation have signed CREDO’s Pledge of Resistance against the Keystone XL Pipeline.  As these actions become more and more imminent, Rising Tide Philly will continue to target TD Bank for their profiteering from climate disaster and genocide of indigenous people in Alberta.

Local impacts: The impact of hurricane Sandy on New Jersey is well known. The frequency of intensely damaging storms is increasing due to several aspects of climate change including warmer ocean currents and warmer air, which holds more moisture. The entire Delaware River Basin will experience disproportionate sea level rise due to global warming, scientists predict. Long-term impacts on the City of Philadelphia from climate change could include salt water coming into Philadelphia’s drinking water intakes. Rising Tide Philly believes it is time to stop all extreme fossil fuel extraction and make a U-turn towards a sustainable future.

Tar Sands extraction in Alberta, Canada. Photo: Buffalo Post, a News Blog About Native People and the World We Live In: First Nations Walk Targets Alberta Tar Sands Development


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