“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.”
fossil fuel finance
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
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.
Fact Sheet: Despite Paris Agreement, Governments Still Fund Billions in Fossil Fuel Finance Each Year
Instead of funding clean energy solutions, G20 governments and multilateral development banks still overwhelmingly fund the problem, averaging nearly $72 billion per year in public finance for fossil fuels compared to less than $19 billion per year for renewable energy.
Time to Stop Digging: Why Germany’s Climate Leadership Requires a Rapid Phaseout of Fossil Fuel Production and Finance
Germany is falling far short of true climate leadership – our new report details why it must end coal production swiftly with a just transition and stop funding fossil fuels aboard.
Funding Tar Sands: Private Banks vs. the Paris Climate Agreement
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.
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.