Another One! Canadian Credit Union to Launch Visa Carbon Credit Card to Measure Carbon Footprint

Last week, WeLoveTrump reported on an Australian bank introducing a new feature that links purchases to a customer’s carbon footprint and warns them when they are going over the average.

It Begins! Bank Links Customer Transactions to Carbon Footprint

The feature provides a glimpse into the globalist agenda to limit future purchases based on climate change.

Now, a Canadian credit union has jumped on the bandwagon and will link customer transactions to their carbon footprint.

The Vancouver City Savings Credit Union, known as Vancity, has teamed up with ecolytiq, one of the climate engagement technology firms in Europe, to provide the first Visa Carbon Counter in Canada.

“Vancity is taking another step in its commitment to climate action. It will be the first financial institution in Canada to offer its individual and business members a way to estimate the CO₂ emissions that come from their purchases,” the company said in a statement.

Starting in the new year, every Vancity Visa credit card holder will be able to track the estimated carbon emissions of their credit card purchases. Members will be able to see how their monthly tally compares to the national average, or which credit card purchases have the highest environmental cost. The Carbon Counter will help Vancity card holders understand the carbon footprint of their purchases as well as provide advice on what they can do to reduce their emissions footprint.

“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,” said Jonathan Fowlie, Vancity’s Chief External Relations Officer who oversees the credit union’s impact and climate efforts. “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.”

“We are proud to support the launch of Vancity’s CO₂ calculator, a first on a Visa card in Canada. This is a great example of how we can empower consumers to understand their environmental impact and honour Visa’s commitment to a sustainable future,” said Stacey Madge, Country Manager & President, Visa Canada.

In 2019, the Swedish fin-tech company Doconomy partnered with Mastercard to create the world’s first credit card with a carbon limit.

From Mastercard:

Doconomy is now launching the world’s first credit card with a carbon footprint limit, DO Black. The launch of this premium card marks the first milestone in the support that Doconomy provides to the UN Climate Change secretariat (UNFCCC) to encourage global climate action. DO Black not only helps users track and measure CO2 emissions associated with their purchases, but also puts a limit to the climate impact of their spending. Users can now sign-up to register interest for DO Black.

Doconomy, a Swedish fin-tech startup for everyday climate action, has worked with Mastercard to develop this radical tool for consumers wanting to act against climate change. DO also invites the user to offset their carbon foot print through projects meeting the criteria of United Nations certified green projects. Simply put, the first card ever to prevent consumers from exceeding their limit, not based on credit, but on levels of CO2 emissions caused by their consumption.

“We all need to come to terms with the urgency of the situation and rapidly move towards more responsible consumption. With DO Black there is no more excuses. Through our collaboration with UNFCCC and Mastercard, DO will enable people to do their part to contribute to the carbon reduction goals of 2030 and onwards”, says Nathalie Green, CEO at Doconomy.

LifeSiteNews added:

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Groups such as the World Economic Forum (WEF) along with the United Nations Framework Convention on Climate Change have been strong proponents of pushing agendas that track people’s finances, much like social credit like schemes in place in China.

A large part of the great “reset” idea is the implementation of purchasing tracking mechanisms on consumers under the guise of following one’s so-called “carbon footprint.”

Indeed, at this year’s WEF’s Annual Summit in Davos, Switzerland, China-based Alibaba Group spoke of new technology that would track people’s carbon footprints through the monitoring of their spending, eating, and traveling habits.

Klaus Schwab, the WEF founder and chairman, told thousands at the Davos summit that “the future is built by us, by a powerful community such as you here in this room.”

Since taking office in 2015, Canada’s Prime Minister Justin Trudeau has pushed the radical environmental agenda also being promoted by the WEF as part of its “Great Reset” agenda.

Indeed, Trudeau’s 2022 budget includes a portion that mandatory climate-related reporting is in the works for all federally regulated financial institutions in Canada.