This 10th annual “Banking on Climate Change” fossil fuel finance report card reveals that overall bank financing continues to be aligned with climate disaster, and that financing for fossil fuels has increased every year since the Paris Agreement was signed.
A report released today endorsed by over 160 organizations around the world reveals that 33 global banks have provided $1.9 trillion to fossil fuel companies since the adoption of the Paris climate accord.
The Canadian tar sands industry has suffered another significant setback trying to get is carbon intensive product to market in the US.
A remarkable thing just happened in Canada’s oil patch. Tar sands producers have actually started to cut oil production in the face of growing pipeline constraints.
For those concerned about climate justice and leaving a living legacy to our grand-children, your everyday actions are making a positive difference. Sometimes, in these destructive days of Trump, and svengali politics of Canadian Prime Minister, Justin Trudeau, we just don’t say that enough.
Someone should tell the Premier of Alberta, Rachel Notley, that when you are in a hole, you should stop digging.
“De facto halting this dangerous project keeps open the only credible path for Canada to live up to its obligation to fight climate change. Building new, long-lived pipelines in support of ever-growing oil production and export is wholly incompatible with the rapid transition away from fossil fuels required.”
“It appears as though the Canadian government deliberately withheld information about the costs of Kinder Morgan’s Trans Mountain pipeline because it would have shocked Canadians at the time.”
If Justin Trudeau didn’t know before. He does now. If Canadian’s Prime Minster could blame ignorance before, he can’t now.
“This decision represents a complete failure by the Minnesota Public Utilities Commission to hear the concerns of Indigenous communities and other Minnesotans demanding its rejection.”