Read the latest insights and analysis from the experts at Oil Change International.
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.”
The European Investment Bank (EIB) is the world’s largest multilateral lender, bigger even than the World Bank. As a public bank, it’s tasked with providing finance in the EU public interest, and it has an outsized influence on the EU’s energy system because of the private investment it can “crowd in” and the sheer amount of money it has at its disposal.
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.
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.
As Big Oil’s new poster boy, Canadian Prime Minister, Justin Trudeau, scrabbles around for investors for Kinder Morgan’s Trans Mountain pipeline, extra finance may not be enough to save the controversial pipeline.
As the world tries to wean itself off its oil addiction, one nation walks the other way. As many countries try and stop fossil fuel subsidies, one country is scrabbling around to secure finance for a dirty energy pipeline.
Two leading political figures from the US and Canada, who have boasted about the need to fight climate change are now under fire for being climate change hypocrites: saying they care about the climate, but allowing drilling and fossil fuel infrastructure to be built anyway.
The campaign against the controversial Kinder Morgan pipeline escalated yesterday when Indigenous leaders from across Canada and the United States came together to inaugurate Kwekwecnewtxw - “the place to watch from” - whilst others started building a traditional Coast Salish “Watch House” near the pipeline route.
