Canadian Bank Launches Credit Card That Tracks ‘Carbon Footprint’

A Canadian bank has launched a new credit card that tracks the “carbon footprint” of the account holder.

The launch of the new card makes Canada the first country to track its citizens’ actions to monitor their impact on “climate change.”

The move is raising major concerns that such a scheme could be used to restrict purchases based on compliance with the government’s green agenda.

The card, offered by Vancity bank, is an effort by the credit union to display its commitment to “climate action.”

Vancity’s credit card links purchases to carbon emissions, allowing customers to compare their monthly carbon footprint to the national average.

The bank will also advise customers on how to limit their carbon footprint.

Jonathan Fowlie, Vancity’s Chief External Relations Officer, said in a statement that banks have a responsibility to make sure “the decisions people make with their money” comply with the green agenda.

“We know many Vancity members are looking for ways to reduce the impact they have on the environment, particularly when it comes to the emissions that cause climate change,” Fowlie said.

“As a member-owned financial cooperative, we believe it is our job to do everything we can to help, especially when it comes to the decisions people make with their money.

“This tool will equip Vancity Visa credit cardholders with valuable information on their purchases and enable them to connect their daily spending decisions to the change they want to see in the world.”

According to research carried out by Visa, more than 50 percent of Canadians are interested in monitoring their carbon footprint.

In October, Australia’s Commonwealth Bank (CBA) also announced a similar scheme, giving the customer the option to “pay a fee” to offset their carbon footprint.

The average carbon footprint is listed as 1,280 kilograms.

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However, this is a long way from the claimed “sustainable” figure of 200 kilograms.

Allied with climate lockdowns, technocrats want to exploit hysteria over climate change to increase financial control over individuals.

Such a proposal was presented in the science journal Nature by four environmental “experts” as a means of reducing global carbon emissions.

Everyone would be issued with a “carbon allowance card” that “would entail all adults receiving an equal tradable carbon allowance that reduces over time in line with national [carbon] targets.”

The authors make it clear that the program would be a “national mandatory policy.”

Carbon units would be “deducted from the personal budget with every payment of transport fuel, home-heating fuels, and electricity bills.”

Anyone going over the limit would be forced to “purchase additional units in the personal carbon market from those with excess to sell.”

This would naturally only negatively impact poorer people, with the rich able to buy carbon credits in abundance and still enjoy their lavish, environmentally unfriendly opulent lifestyles.

As Slay News previously reported, an influential UK government-linked organization is urging banks to start tracking the climate “behaviors” of customers and punishing those whose spending reveals poor “carbon feedback.”

Banks are being pressured to introduce the “woke” measures by the Behavioural Insights Team (BIT), also known as “The Nudge Unit.”

BIT specializes in using behavioral insights to “nudge” people into changing their behavior to align with specific agendas.

The UK-based social purpose group is widely blamed for the British government’s use of “grossly unethical tactics to scare the public into Covid compliance” during the pandemic.

Now the controversial organization is using its influence to pressure banks into using the “wealth of data that they hold” to provide “carbon feedback” on customers’ transactions.

Customers who fail to meet BIT’s strict climate criteria with their “carbon feedback” will be denied access to certain features and rewards such as better interest rates and loan deals.

The World Economic Forum (WEF), an international organization that works to “shape global, regional and industry agendas,” also published ideas on a carbon allowance system that tracks personal emissions in September.

And in August, a senior executive at the multinational banking and financial services company Rabobank called for personal carbon wallets that allocate “emission rights” to citizens.

READ MORE – WEF Banker: Eliminating Cash Gives ‘Absolute Control’ over Population

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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