Scotiabank must divest completely from Elbit Systems!

• Any funding of genocide is too much. We will not rest until Scotiabank divests completely from Israeli war crimes.

On June 3, 2023 Vancouver activists held a march and flash action at Scotiabank headquarters, to help launch a national campaign to demand that Scotiabank divest from the Israeli arms maker Elbit Systems.

Since then, Scotiabank’s asset fund has reduced its half a billion dollar investment in Elbit 3 times, but still owns 1.44% of Elbit shares (worth approx. $113 million). Many groups and individuals have been part of the campaign to say #ShameonScotiabank for funding Israeli genocide; it is this collective pressure that produced results. A special shoutout to allies in the artists and writers community who embraced this issue, and helped increase the visibility of the campaign in new and creative ways.

However, although Scotiabank is no longer the largest foreign investor in Elbit, it is still one of the “top ten”. Any funding of genocide is too much. We will not rest until Scotiabank divests completely from Israeli war crimes.

Posted originally on August 15, 2024, on member organization, Canada Palestine Association in Vancouver.