Read the latest insights and analysis from the experts at Oil Change International.
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.
The abuses, risks and climate pollution of the Atlantic Coast Pipeline have a clear set of financiers, led by the nation's largest commercial bank, Bank of America.
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.
On Sunday, Kinder Morgan sent shock waves across Canada and the oil industry when it announced it was “suspending all non-essential activities and related spending on the Trans Mountain Expansion Project”, until at least the end of May.
You would have thought that having been responsible for the largest offshore oil spill in US history, the Deepwater Horizon, which spilled an estimated 4 million barrels of oil into the sea, and cost you $65 billion, that as a company you would see oil spills as something to be avoided.
The environmental group, Friends of the Earth in the Netherlands has announced that it will take Shell to court if the company does not act on “demands to stop its destruction of the climate”.
There is a growing political scandal surrounding the Administrator of the Environmental Protection Agency, the climate denier, Scott “Polluting" Pruitt
In 2006, the ex-British Prime Minister, David Cameron, famously went to the Arctic to see the effects of climate change for himself.
