NAB: Divest from Coastal GasLink NOW

We call on NAB to cease and withdraw investment in the Coastal GasLink pipeline immediately. Coastal GasLink is trashing Indigenous rights, out of line with the Paris Climate Agreement and environmentally reckless. Cas Yikh are the title holders with the authority and jurisdiction to make decisions about their unceded lands, and they say NO to this dirty pipeline.

In British Columbia (BC), Canada, Wet'suwet'en activists are currently resisting the illegal construction of the Coastal GasLink pipeline slated to cut through Indigenous territories at huge environmental, social, and economic cost. This 670km-long pipeline would carry fracked gas from northeast BC to a future liquefied natural gas (LNG) terminal on the coast, the largest of its kind ever proposed in Canada. The pipeline cuts through Wet'suwet'en territory, which is divided into 5 clans and 13 house groups, and stretches over 22,000km2, wherein each clan has full jurisdiction to control access to its territory. Read More

The Hereditary Chiefs have re-asserted their right to jurisdiction over their own lands, their right to determine access and prevent trespass under Wet’suwet’en law, and the right to Free Prior and Informed Consent as guaranteed by the United Nations Declaration on the Rights of Indigenous Peoples — but Coastal GasLink will not listen.

NAB loaned CA$117.5 million to Coastal Gaslink in 2020. Although NAB are committed to net zero emissions by 2050 and have a policy that purpotedly ensures project financing follows the UN right to Free, Prior and Informed Consent, they have failed to cut ties with the project.

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