How Ethical Are Canada's Ethical Funds?
By Larry Powell
January 12, 2011
"Conscientious" investments and the tar sands connection
I doubt that any investors with a social conscience would assume that the
"ethical" funds they hold would be helping pay for such projects as the
Alberta oil sands.
I certainly didn't. Though it turns out, I was wrong!
All five of Canada's major banks lend money to tar sands operators. And all
five are actually included in the portfolios of the many ethical investment
funds in this country.