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.
Canada
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.
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.
460,000+ Comments against Keystone XL Delivered to Nebraska Commission
On Thursday, August 10th, in Lincoln, NE, activist groups delivered more than 460,000 public comments opposing the Keystone XL pipeline to the Nebraska Public Service Commission.
Expert Keystone XL Testimony Denied in Last-Minute Decision
Stockman’s planned testimony outlines that changing market conditions and realities in the tar sands industry show that there is no market need for Keystone XL pipeline. This testimony has been essentially confirmed by recent statements by TransCanada representatives themselves, who have expressed doubt in finding sufficient shippers to fill the pipeline.
In the Age of Stranded Assets, Who Pays to Clean Up the Mess?
Who will clean up the mess if oil companies go bust as the whole fossil fuel industry goes from a downcycle into a potential “death spiral”?
All Bust, No Boom
In a dramatic turn of events, it looks like all bust and no more boom for the Alberta tar sands, according to our recent analysis based on industry data. In reality, future rates of production will likely be insufficient to fill even one new pipeline.
Reality check: the end of growth in the tar sands. So now what?
The oil industry’s own data shows that the tar sands are on the edge of decline – but the key question is if they will take everyone else down with them.
RELEASE: Data driven reality check points to end of growth in the tar sands
FOR IMMEDIATE RELEASE June 29, 2017 CONTACT Lorne Stockman, lorne [at] priceofoil.org, +1 540 679 1097 Adam Scott, adam [at] priceofoil.org, +1 416 347 3858  Data driven reality check points to end of growth in the tar sands. A new briefing released today points to a dramatic drop-off in investment in growth in the tar … Read More