FILE – Facebook on web browser. (Dreamstime/TNS)

Canada’s five big banks join anti-hate advertising boycott of Facebook

Participating brands will suspend all advertising on the platform for the month of July

All five of Canada’s biggest banks are joining an international boycott of Facebook over concerns that the platform is complicit in promoting racism, violence and misinformation.

Scotiabank, RBC, CIBC, BMO and TD have pledged to stop purchasing ads on the site for the month, aligning themselves with brands such as Lululemon Athletica and MEC in signing onto the #StopHateForProfit campaign.

The initiative, spearheaded by organizations like the NAACP and the Anti-Defamation League, began in response to growing anti-Semitic and anti-Black rhetoric found on the social media platform.

Participating brands will suspend all advertising on the platform for the month of July.

Scotiabank announced its intentions on Tuesday, while the four others confirmed on Wednesday that they would follow suit.

A spokesman for RBC said the company understands that systemic racism has disadvantaged Black, Indigenous and People of Colour and the bank intends to combat that.

“One way we can do that is by standing against misinformation and hate speech, which only make systemic racism more pervasive,” AJ Goodman said.

Facebook has come under fire in recent months for what critics say is an indifference when it comes to policing their platform for individuals and groups espousing hateful ideology.

They’ve also been criticized for a lack of action on disinformation.

For instance, last month, U.S. President Donald Trump posted a doctored video featuring fake CNN footage on both his Twitter and Facebook accounts, in which a CNN logo appears over footage of a Black toddler running away from a white toddler.

The footage is then followed by another clip from a different angle — this time without the CNN watermark — in which it becomes clear the two toddlers are friends.

The parents of the two toddlers later told ABC News that they were “appalled” and “disgusted” by the video.

Initially, only Twitter flagged the video as misleading, with Facebook resisting public pressure to enforce their own labelling system.

However, after numerous brands began pulling advertising from the platform, the company reversed its decision at the end of June and began taking down some political posts deemed to be fake or misleading.

Criticism against Facebook has come from inside the company as well.

At the beginning of June — shortly after Trump threatened via social media to order the military to shoot anti-racism protestors — hundreds of Facebook employees staged a virtual walkout to protest the company’s refusal to label the post as hate speech.

A spokesman for Facebook noted that the company has suspended more than 250 white supremacist groups from the platform but did not specifically comment on the boycott.

More recently, Friends of Canadian Broadcasting called on the federal government to drop hosting its virtual celebration on Facebook.

But Prime Minister Justin Trudeau’s address to Canadians went ahead on the platform — along with YouTube, CBC, CPAC and Radio-Canada — on Wednesday.

Facebook and The Canadian Press recently announced a reporting initiative called the Facebook and Canadian Press News Fellowship. Facebook will have no influence over the stories created under the program, which is set to launch in the fall; The Canadian Press will maintain complete editorial independence.

Jake Kivanç, The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

facebook

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

COVID-19 tests come back negative in remote First Nation community

“There are no suspected cases in the community at this time.”

Wildway Farms open for business in Hagensborg

Local entrepreneurs Gwyneth Anderson and Joseph Battensby are hard at work at their new business

Young boy finds mask stolen during recent break-in

Gage Pootlass immediately took the mouse mask back to its rightful owner, Kathleen Booth

Bear gets into garbage at Thorsen Creek Landfill after waste disposed into wrong bin

A grizzly bear accessed garbage that was put in the wrong bin and ended up outside the electric fence

371 British Columbians battling COVID-19, health officials confirm

Thursday (Aug. 6) saw a second straight day of nearly 50 new confirmed cases

Answers to 5 common questions facing families for the COVID-19 school year

COVID-19 protocols are likely to vary even more at the school board level, and even and school-to-school.

Visitors and non-residents entering closed remote B.C. First Nation’s territories

With limited resources, they say they don’t have any authority or power to enforce the closures

UBC loses appeal on Fisheries Act convictions

BC Supreme Court upholds order to pay $1.55-million fine

Masks to be mandatory on BC Transit, TransLink starting Aug. 24

Both BC Transit and TransLink made the announcement in separate press releases on Thursday

Acclaimed B.C. actor Brent Carver passes away

Carver, one of Canada’s greatest actors with a career spanning 40 years, passed away at home in Cranbrook

B.C. would not send students back to school if there was ‘overwhelming risk’: Horgan

Plan has left many parents across the province worried about their children’s safety

Canucks blank Wild 3-0, take series lead in penalty-filled NHL qualifying clash

Jacob Markstrom stops 27 shots to lead Vancouver past Minnesota

Most Read