Thomas Marois, CRC Public Banking
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Thomas Marois, CRC Public Banking
@thomasmarois.bsky.social
450 followers 460 following 15 posts
Thomas Marois is Professor of Political Economy and Director of the Public Banking Project at McMaster University, Canada. He holds the Canada Research Chair in Public Banking for Sustainability, Inclusion, and Prosperity.
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Reposted by Thomas Marois, CRC Public Banking
metisnationon.bsky.social
The City of Toronto marked Louis Riel Day with a ceremony supported by Councillor Neethan Shan, Toronto City Council, and the Toronto and York Region Métis Council.

Maarsii to everyone who joined in to honour Métis heritage and pride at this vibrant gathering!
MNO Senior Leadership, Toronto City Council, and the Toronto and York Region Métis Council at the Louis Riel Flag Raising Ceremony at City Hall in Toronto. MNO Senior Leadership, Toronto City Council, and the Toronto and York Region Métis Council at the Louis Riel Flag Raising Ceremony at City Hall in Toronto. MNO Senior Leadership, Toronto City Council, and the Toronto and York Region Métis Council at the Louis Riel Flag Raising Ceremony at City Hall in Toronto. MNO Senior Leadership, Toronto City Council, and the Toronto and York Region Métis Council at the Louis Riel Flag Raising Ceremony at City Hall in Toronto.
November 16, 2025 at 6:56 PM
Reposted by Thomas Marois, CRC Public Banking
thomasmarois.bsky.social
Not to worry ... stay tuned for some in-depth work on this fascinating #publicbank.
tobitac.bsky.social Tobita Chow @tobitac.bsky.social · 13d
I learned about the BC Municipal Finance Authority from @thomasmarois.bsky.social @publicbanking.bsky.social and I think more Americans should hear about this publicbanking.mcmaster.ca/app/uploads/...
The Municipal Finance Authority of British Columbia (MFA BC) offers valuable insights into how the financing of sustainable infrastructure can be addressed by cities for cities. The MFA BC offers long-term, low-cost, and appropriate financing to B.C. local governments, based on cooperative values and the MFA BC’s pro-public mandate. Because the MFA BC is owned by cities for cities, it can pool the borrowing capacity of local governments in B.C. The MFA BC is also backed by local property taxes, meaning there is very little chance of the bank ever going bust. Financial markets, from which the MFA BC borrows, like this, and hence the MFA BC has a very strong AAA credit rating (which is higher than the Province of B.C.’s). This, plus the fact that the MFA BC is the sole lender to B.C. municipalities and does not need to compete with private banks, means it can provide the most competitive interest rates possible to local governments (and other public bodies). Only 19 employees manage over $10 billion in assets, making the MFA BC perhaps the most efficient bank in the world (in terms of assets per employee managed). It has also never suffered a loan default. The MFA BC also offers municipal and public bodies an investment option with very low fees charged. At the same time, the MFA BC helps the training of local government employees. The MFA BC collaborates with other public entities to assess climate threats and align municipal operations with sustainability principles. The MFA BC is a successful, financially sustainable, and democratically governed public municipal development bank that provides low-cost, long-term loans.
November 15, 2025 at 12:59 AM
thomasmarois.bsky.social
Not to worry ... stay tuned for some in-depth work on this fascinating #publicbank.
tobitac.bsky.social Tobita Chow @tobitac.bsky.social · 13d
I learned about the BC Municipal Finance Authority from @thomasmarois.bsky.social @publicbanking.bsky.social and I think more Americans should hear about this publicbanking.mcmaster.ca/app/uploads/...
The Municipal Finance Authority of British Columbia (MFA BC) offers valuable insights into how the financing of sustainable infrastructure can be addressed by cities for cities. The MFA BC offers long-term, low-cost, and appropriate financing to B.C. local governments, based on cooperative values and the MFA BC’s pro-public mandate. Because the MFA BC is owned by cities for cities, it can pool the borrowing capacity of local governments in B.C. The MFA BC is also backed by local property taxes, meaning there is very little chance of the bank ever going bust. Financial markets, from which the MFA BC borrows, like this, and hence the MFA BC has a very strong AAA credit rating (which is higher than the Province of B.C.’s). This, plus the fact that the MFA BC is the sole lender to B.C. municipalities and does not need to compete with private banks, means it can provide the most competitive interest rates possible to local governments (and other public bodies). Only 19 employees manage over $10 billion in assets, making the MFA BC perhaps the most efficient bank in the world (in terms of assets per employee managed). It has also never suffered a loan default. The MFA BC also offers municipal and public bodies an investment option with very low fees charged. At the same time, the MFA BC helps the training of local government employees. The MFA BC collaborates with other public entities to assess climate threats and align municipal operations with sustainability principles. The MFA BC is a successful, financially sustainable, and democratically governed public municipal development bank that provides low-cost, long-term loans.
November 15, 2025 at 12:59 AM
thomasmarois.bsky.social
www.change.org/p/no-navitas...
Sign the Petition
No Navitas at Western 2025: Petition Against the Proposed Partnership
www.change.org
May 28, 2025 at 2:18 PM
thomasmarois.bsky.social
Really?!

Canada Pension Plan Investments drops net-zero target

... and instead decides that cooking humanity to death is the economically rational strategic direction.

www.cbc.ca/news/climate...
Canada Pension Plan Investments drops net-zero target after initially aiming for 2050 | CBC News
Canada Pension Plan Investments has dropped a net-zero by 2050 target for carbon emissions, according to an annual report released on Wednesday, following several Canadian financial institutions that ...
www.cbc.ca
May 23, 2025 at 12:24 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
Rethinking Public & Democratic Finance: Lessons from Germany’s KfW Bank (Thomas Marois)

🎥 Produced by the Municipal Services Project and the Public Banking Project in collaboration with the @tninstitute.bsky.social.

📚 Learn more about the chapter on the KfW Bank: tinyurl.com/yew29h4t
May 21, 2025 at 4:04 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
🏛️ Lessons in Democratic Banking (By Susan Spronk)

🎥 Produced by the Municipal Services Project and the Public Banking Project in collaboration with the @tninstitute.bsky.social.

📚 Learn more in the book "Public Banks and Public Water in the Global South"💧: tinyurl.com/yew29h4t
May 14, 2025 at 2:17 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
🔄 The World’s Most Democratized Public Bank and Its Role in Empowering Marginalized Communities (By Thomas Marois)

🎥 Produced by the Municipal Services Project and the Public Banking Project in collaboration with the @tninstitute.bsky.social

📚 Learn more about this chapter: tinyurl.com/yew29h4t
May 12, 2025 at 11:22 AM
Reposted by Thomas Marois, CRC Public Banking
sylviachi.bsky.social
There are many horrible things in the Ways & Means draft, but let me alert you to this underappreciated horror: They want to expand the Treasury Secretary's power to unilaterally designate nonprofits as "terrorist supporting organizations."
1 SEC. 112209. TERMINATION OF TAX-EXEMPT STATUS OF 2 TERRORIST SUPPORTING ORGANIZATIONS. 3 (a) IN GENERAL.—Section 501(p) is amended by 4 adding at the end the following new paragraph: 5 ‘‘(8) APPLICATION TO TERRORIST SUPPORTING 6 ORGANIZATIONS.— 7 ‘‘(A) IN GENERAL.—For purposes of this 8 subsection, in the case of any terrorist sup9 porting organization— 10 ‘‘(i) such organization (and the des11 ignation of such organization under sub12 paragraph (B)) shall be treated as de13 scribed in paragraph (2), and 14 ‘‘(ii) the period of suspension de15 scribed in paragraph (3) with respect to 16 such organization shall be treated as begin17 ning on the date that the Secretary des18 ignates such organization under subpara19 graph (B) and ending on the date that the 20 Secretary rescinds such designation under 21 subparagraph (D). 22 ‘‘(B) TERRORIST SUPPORTING ORGANIZA23 TION.—For purposes of this paragraph— 24 ‘‘(i) IN GENERAL.—the term ‘terrorist 25 supporting organization’ means any orga26 nization which is designated by the Sec- 1 retary as having provided, during the 3- 2 year period ending on the date of such des3 ignation, material support or resources to 4 an organization described in paragraph (2) 5 (determined after the application of this 6 paragraph to such organization) in excess 7 of a de minimis amount. 8 ‘‘(ii) MATERIAL SUPPORT OR RE9 SOURCES.—The term ‘material support or 10 resources’ has the meaning given such 11 term in subsection (g)(4) of section 2339B 12 of title 18, United States Code, except that 13 such term shall not include— 14 ‘‘(I) support or resources that 15 were approved by the Secretary of 16 State with the concurrence of the At17 torney General for purposes of sub18 section (j) of such section, or 19 ‘‘(II) humanitarian aid provided 20 with the approval of the Office of For21 eign Assets Control. 22 ‘‘(C) DESIGNATION PROCEDURE.— 23 ‘‘(i) NOTICE REQUIREMENT.—Prior to 24 designating any organization as a terrorist 25 supporting organization under subpara-
May 13, 2025 at 12:35 AM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
💦 1 Shower for 4,500 people in Israel’s War on Water (By Genevieve Simmons)

🎥 Produced by the Municipal Services Project and the Public Banking Project in collaboration with the @tninstitute.bsky.social

📚 Learn more in the newly released book on Public Banks and Public Water💧: tinyurl.com/yew29h4t
May 9, 2025 at 3:30 PM
Reposted by Thomas Marois, CRC Public Banking
progintl.bsky.social
In October 2023, 150,000 bullets were transferred from the UK to Israel.

Read more online: buff.ly/uj7hn2N
May 10, 2025 at 4:56 PM
Reposted by Thomas Marois, CRC Public Banking
thomasmarois.bsky.social
ICYMI

This open-access ROPE article provides a new & realistic way to think about public banks as neither essentially good nor bad.

Instead, we must rethink public banks as dynamic and contested institutions. 👇

www.tandfonline.com/doi/full/10....

@thomasmarois.bsky.social @lprochon.bsky.social
April 11, 2025 at 3:13 PM
Reposted by Thomas Marois, CRC Public Banking
thomasmarois.bsky.social
I asked my Pol Econ last week how significant exports were to Canadian GDP ... they thought 70%!

Not true ... almost 80% and what's made in Canada stays here ... and we can do better.

Check it out 👇🏼

youtu.be/aoSaZhwMK_c?...
Not So Global After All
YouTube video by Centre For Future Work
youtu.be
April 12, 2025 at 11:24 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
🏦 Finance is the Grease that Makes the Wheels Turn 🛠️

By David McDonald

🎥 Produced by the Municipal Services Project and the Public Banking Project in collaboration with the @tninstitute.bsky.social

📚 Explore more in the book "Public Banks and Public Water in the Global South" tinyurl.com/yew29h4t
April 29, 2025 at 4:43 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
Public Banks Over Private Profit: Financing Water and Infrastructure in Occupied Palestine (By Genevieve Simmons)

🎥 Produced for the Municipal Services Project and the Public Banking Project by the @tninstitute.bsky.social

📚 Learn more in the newly released open-access book: tinyurl.com/yew29h4t
April 23, 2025 at 1:35 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
🏦 Public banks: Fuelling War or Climate Action? The Choice is Ours (By David McDonald)

🎥 Produced by the Municipal Services Project and the Public Banking Project in collaboration with the @tninstitute.bsky.social

📚 Learn more in the recent released book: tinyurl.com/yew29h4t
May 7, 2025 at 4:33 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
🏦 How Public Banks Can Support Climate Adaptation (By Susan Spronk)

🎥 Produced by the Municipal Services Project and the Public Banking Project in collaboration with the @tninstitute.bsky.social

📚 Learn more in the book "Public Banks and Public Water in the Global South"💧: tinyurl.com/yew29h4t
May 5, 2025 at 1:04 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
FT reports that 'Israeli curbs on Gaza water supplies are ‘acts of genocide’ ' ft.com

Our just-published, open access chapter also shows a long history of Israeli weaponization of water
www.taylorfrancis.com/chapters/oa-...
December 19, 2024 at 7:17 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
#Publicbanks are neither inherently good or bad -- what's more fundamental is how social forces shape them in time and place bounds contexts.

Check out a dynamic theory of public banks here, open access

www.tandfonline.com/doi/full/10....
December 21, 2024 at 6:12 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
An important report out by @tninstitute.bsky.social ... don't miss it!
December 13, 2024 at 7:53 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
Ever wondered what #PDBs are? What they do? What they could do?

Check out our new @publicbanking.bsky.social Evidence Brief

Based on Finance in Common data, PDBs have $23 trillion in assets and finance 10 to 12 percent of the world’s total investment. 👇

publicbanking.mcmaster.ca/app/uploads/...
January 21, 2025 at 12:31 AM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
Hot off the Open Access rack -- our latest book!

Public Banks and Public Water in the Global South
Financing Options for Sustainable Development

Download for free 👇

doi.org/10.4324/9781...
December 6, 2024 at 3:12 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
Lots of discussion on #PDBs. What about the public commercial and universal banks?

These 498 #publicbanks have combined assets of $34 trillion worldwide. That's 10% greater than US GDP in 2024!

Check out the Public Banking Project 2-pg Evidence Brief 👇

publicbanking.mcmaster.ca/app/uploads/...
January 26, 2025 at 3:51 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
ICYMI ... #PublicBanks are also commercial, and they can a big role in green & just transitions ...
publicbanking.bsky.social Public Banking Project @publicbanking.bsky.social · Jan 26
Lots of discussion on #PDBs. What about the public commercial and universal banks?

These 498 #publicbanks have combined assets of $34 trillion worldwide. That's 10% greater than US GDP in 2024!

Check out the Public Banking Project 2-pg Evidence Brief 👇

publicbanking.mcmaster.ca/app/uploads/...
February 3, 2025 at 1:36 PM
Reposted by Thomas Marois, CRC Public Banking
publicbanking.bsky.social
🚨 New Open-Access Book! 🚨

"Public Banks and Public Water in the Global South", edited by Thomas Marois, David A. McDonald, and Susan Spronk, presents the first systematic review of public bank lending in the water sector across the Global South. 🌍🏦

📖 Read it for free: tinyurl.com/yew29h4t
February 5, 2025 at 9:04 PM