According to a new report released today by Rainforest Action Network, Oil Change International, and 10 organizations from around the world, commercial banks continue to finance the tar sands sector at levels that do not align with the Paris Agreement 1.5° to 2° target – and finance levels are surging in 2017.
climate test
Report: Big Banks Complicit in Massive Tar Sands Destruction and Pollution Through Hundreds of Billions in Financing
According to a new report released today by Rainforest Action Network, Oil Change International, and 10 organizations from around the world, commercial banks continue to finance the tar sands sector at levels that do not align with the Paris Agreement 1.5° to 2° target – and finance levels are surging in 2017.
In the Pipeline: Risks for Funders of 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.
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.
Climate Denier Trump Takes us into “Unchartered Territory” with KXL
Later today, the Trump administration is expected to announce the approval of the highly controversial Keystone XL pipeline.
A California Climate Test?
All is not lost for the climate test. A climate test could be applied at all levels of government, including at the state level. One state where such a policy appears ripe for formulation is California.
President Obama just applied the Climate Test to Arctic drilling
A closer look at the withdrawal of Arctic waters from offshore drilling shows a critically important detail to how the White House made this decision: They used a climate test as one of the rationales for ending drilling in the Arctic.
From North Dakota to Kenya, people power fights fossil fuel infrastructure
People power stopped Keystone XL in its tracks. Now we’re seeing human resistance to fossil fuel projects spreading rapidly around the globe.
White House releases a new Climate Test? Not quite, but getting closer.
The White House just released an important document today: the final version of guidance for considering climate impacts within the NEPA process. While this document is merely guidance and “not a rule or regulation,” the updated version marks some important shifts in aligning our energy policy with our climate goals.
A Bridge Too Far: How Appalachian Basin Gas Pipeline Expansion Will Undermine U.S. Climate Goals
A new report out from Oil Change International, in partnership with 11 other local, regional, and national organizations, shows that current projections for U.S. natural gas production – fueled by a boom in the Appalachian Basin – will lock in enough carbon to bust through agreed climate goals.