Image from the letter.
This letter signed by Simoogit Watakhayetsxw/Deborah Good and Naxginkw/Tara Marsden, Wilp Sustainability Director on behalf of the Simigigyet’m Gitanyow (Gitanyow Hereditary Chiefs) is calling on financial institutions “not to provide financing or consider equity investments” in the proposed Ksi Lisims liquefied natural gas (LNG) project.
The financial institutions listed in this letter include banks that are based in the United States (Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Wells Fargo), France (BNP Paribas, Credit Agricole, Societe Generale), Spain (BBVA, Santander), Germany (Deutsche Bank), the United Kingdom (HSBC), the Netherlands (ING) and Italy (Intesa Sanpaolo).
It also includes banks based in Canada (BMO, CIBC, National Bank of Canada, RBC, Scotiabank, TD Bank).
The letter highlights:
Recommendations for Financial Institutions
Given the substantial and interlinked legal, financial, and environmental risks related to Ksi Lisims LNG, we strongly recommend that your institution:
- Decline to provide project financing for Ksi Lisims LNG given the stated risks above.
- Deny general corporate financing to Ksi Lisims LNG’s developers.
- Require that clients have obtained the Free, Prior, and Informed Consent from all impacted Indigenous communities, as outlined in B.C. law via the Declaration on the Rights of Indigenous Peoples Act.
- Develop a comprehensive policy to restrict financing of new and expanded LNG infrastructure as part of your institution’s ESRM and climate policy frameworks.
Image from Reception Chiefs on Facebook.
The full letter can be read here.
It has been endorsed by 128 organizations including Conexiones Climáticas (Mexico), Les Amis de la Terre (France), Parents for Future, Frack Off London (UK), Public Citizen (US), Urgewald and Rettet den Regenwald (Germany).
Further reading: PBI-Canada meets with Simooget Watakhayetsxw, remains attentive to Gitanyow resistance to the PRGT pipeline (October 20, 2025).
