Blog

We are now one hundred and ten days since the start of Vladimir Putin’s bloody brutal war on Ukraine. Since the invasion the global energy market has been largely turned on its head, as old certainties of supply have been ripped up.

Under pressure from civil society, eleven banks have now confirmed that they will no longer fund the controversial East African Crude Oil Pipeline.

“Today is a historic day for the Standing Rock Sioux Tribe and the many people who have supported us in the fight against the pipeline,” said Chairman Mike Faith of the Standing Rock Sioux Tribe. “This pipeline should have never been built here. We told them that from the beginning.”

It would make a great April Fools joke. Investing $5 billion in a product that is nearly worthless in the middle of a global pandemic, which puts communities and construction workers at risk. Make sense to you? No, of course it doesn’t. You would reply: “Don’t be so stupid! That must be a joke.”

Yesterday, President Trump signed two executive orders in his latest brazen attempt to appease the fossil fuel industry, just as further research was published revealing the drastic need to scale back carbon emissions if young people are going to have a liveable future.

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.

Trudeau may finally reveal today the true extent of the stranglehold that Canada’s oil and gas industry has over his government.

With just over a week to go until the May 31 deadline set by Kinder Morgan for the Canadian Government to resolve all financial and political issues surrounding its highly controversial Trans Mountain pipeline, some 236 civil society groups from 44 countries have today written to Justin Trudeau to tell him to drop his support for the project.