What does it say about the prospects for multi-billion dollar tar sands oil pipelines, that a national government felt the need to buy a project outright in order to try to save it? When Canadian Prime Minister Justin Trudeau decided to buy-out a failing tar sands pipeline from texas-based Kinder Morgan last month, it exposed … Read More
oil sands
Oil Change Int’l responds to Canada’s deal to purchase Kinder Morgan assets
“It’s not surprising that Kinder Morgan – successor to fraud-plagued Enron – wants to unload this boondoggle onto taxpayers. What’s surprising and disappointing is that Canada fell for it.”
Civil society to Justin Trudeau: “The time for investment in new fossil fuel infrastructure is over”
With just over a week to go until the May 31 deadline set by Kinder Morgan for the Canadian Government to resolve all financial and political issues surrounding its highly controversial Trans Mountain pipeline, some 236 civil society groups from 44 countries have today written to Justin Trudeau to tell him to drop his support for the project.
Letter: 230+ Groups to Justin Trudeau – Climate Leadership Means Saying No to Pipelines
Over 230 civil society groups from 44 countries released an open letter being sent to Canadian Prime Minister Justin Trudeau, urging him to reject the pipeline and instead begin planning for a managed decline of fossil fuel production and a just transition for workers and impacted communities.
Report Finds Major Banks Ramped Up Fossil Fuel Financing to $115 Billion in 2017
The report finds that major private banks funneled $115 billion into extreme fossil fuels in 2017, an increase of 11% from 2016. The single biggest driver of the increase in financing came from the tar sands sector, where financing grew by 111% from 2016 to 2017.
Banking on Climate Change: Fossil Fuel Finance Report Card 2018
Rainforest Action Network, Oil Change International, Indigenous Environmental Network, Honor the Earth, BankTrack, and Sierra Club with 350.org, 350 Eugene, 350 Seattle, Amazon Watch, Asia Pacific Forum on Women, Law and Development, Bank Information Center, Bold Alliance, Carrizo/Comecrudo Tribe of Texas, Catskill Mountainkeeper, CEE Bankwatch, Center for Sustainable Economy, CHANGE, Christian Aid, Citizens Against LNG, … Read More
Tar Sands Lobbyist: It’s “Irresponsible” to Plan for an Oil-Free World
An energy lobby group has published its vision of the future that they hope everyone can embrace. Promising to deliver “global climate leadership”, they conclude “We can be the world’s energy of tomorrow”.
Investor Briefing: The many obstacles facing Keystone XL
This briefing outlines compelling reasons for investors to question whether TransCanada should proceed with Keystone XL given various obstacles facing its construction and commercially viable operation, and suggests questions institutional financiers may wish to ask TransCanada.
In Advance of TransCanada Earnings Call, Groups Release Investor Briefing on Keystone XL Obstacles
This new investor briefing examines the current state of the Keystone XL pipeline and the legal, regulatory, and political obstacles that its owner TransCanada continues to face.
Alberta’s XL bailout a desperate attempt to save TransCanada’s doomed Keystone XL
“When even Enbridge is calling this a subsidy, you know Alberta’s XL bailout is another desperate attempt at a lifeline for a pipeline that will never be built. Keystone XL would be a disaster for the climate, and watching governments bend over backwards to be a part of that is heartbreaking in a year where you could barely catch your breath between climate disasters.”