A new report exposes the huge financial risks behind three major Canadian tar sands pipeline project proposals: Kinder Morgan’s Trans Mountain Expansion, TransCanada’s Keystone XL and Enbridge’s Line 3 expansion.
Author: Adam Scott
New report warns of risks to banks betting on tar sands pipelines
A new report exposes the huge financial risks behind three major Canadian tar sands pipeline project proposals: Kinder Morgan’s Trans Mountain Expansion, TransCanada’s Keystone XL and Enbridge’s Line 3 expansion.
Oil Change International reacts to the cancellation of Energy East
This is an important day in the fight against climate change in Canada. Realizing that Energy East would never would never be allowed if its full climate impact was accounted for, TransCanada has walked away from the project.
The Hazards of EIA Energy Forecasts
WARNING: Use of this outlook for decision-making may cause sea level rise, flooding, droughts, extreme weather, food shortages and ecosystem collapse.   Accepting the conclusions of the latest energy outlook, released this month by the U.S. Energy Information Administration (EIA) means also accepting certain climate catastrophe. As we have noted before, the EIA has made a routine … Read More
REACTION: Oil Change Int’l reacts to report from Canada’s Auditor General on fossil fuel subsidies
“Canada’s Auditor General revealed today that 8 years after the government promised to phase out fossil subsidies, there is still no game plan to do so,” said Oil Change International’s Alex Doukas in a statement released today.
Telling it like it is: the numbers behind Justin Trudeau’s climate failure
In a hard hitting opinion piece in the Guardian today, Bill McKibben doesn’t mince words when it comes to Canada’s Prime Minister. Everyone seems to love Justin Trudeau. Charismatic, young, and rhetorically committed to a suite of progressive issues – compared to his counterpart to the south, he has a lot going for him. But, … Read More
REACTION: Trudeau Government finally getting the message on fossil fuel subsidies
Today’s step to reduce handouts to oil and gas corporations is undoubtedly positive, but the government should work quickly to release a plan and timeline to phase out Canada’s remaining fossil fuel subsidies.
A fading future for the tar sands
Oil majors are dumping Canada’s tar sands assets and investors are walking away from new projects. It’s the latest sign that the massive expansion the industry planned at the start of this decade is quickly falling apart. Canada’s status as one of the highest cost, highest carbon sources of oil is hurting the industry and … Read More
Memo to Justin: No More Bromances, Please
Donald Trump supports almost none of those things Justin Trudeau claims to. So it’s a big problem when they actually seem to agree on one issue – building massive new tar sands pipelines like Keystone XL.
Research: Canadian Oil Expansion Will Block Paris Climate Goals
New research released today reveals disturbing new evidence on how locking-into new long-lived tar sands production undermines global efforts to address the global climate crisis far beyond Canada’s borders.