ACLU and Color Of Change Reveal Ties Between BlackNorth Initiative Co-Chair, Bail Industry in New Letter

Document Date: March 24, 2022

The American Civil Liberties Union and Color Of Change issued a letter to Wes Hall and the Board of Directors at BlackNorth Initiative (BNI), a group of Canadian business leaders focused on advancing racial justice for Black Canadians, urging co-chair Prem Watsa to exit the for-profit bail industry. As chairman and chief executive officer at Fairfax Financial Holdings, Watsa oversees the largest financial backer for the for-profit bail industry in America. The letter acknowledges that Watsa’s roles as CEO of Fairfax Financial, which knowingly profits from the mass incarceration of Black people, and co-chair of the BlackNorth Initiative, which is committed to combating anti-Black racism, present a clear conflict of interest.