Europe’s largest bank, HSBC, said on Friday it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels.
Other large banks such as ING and BNP Paribas have made similar pledges in recent months as investors have mounted pressure to make sure bank’s actions align with the Paris agreement, a global pact to limit greenhouse gas emissions and curb rising temperatures.
Prime Minister Justin Trudeau sidestepped questions raised in the House of Commons on Tuesday about whether he was aware of secret instructions delivered in 2016 to public servants working on the federal review of the Trans Mountain expansion project.
The Canadian government looks set to bankroll the proposed Trans Mountain pipeline expansion by Texas-based Kinder Morgan, North America’s largest energy infras
Kinder Morgan has set a May 31 deadline to get political certainty. What can the federal government do to achieve this? And will it alleviate the host of legal, financial, reputational and practical risks facing the project?
For years, we’ve been told again and again (and again) that Kinder Morgan’s proposed expansion of the Trans Mountain pipeline is desperately needed for producers to export
About 100 defendants were in B.C. Supreme Court today, facing charges for protesting an oil pipeline within a court-imposed exclusion zone. All were arrested at the Kinder Morgan pipeline construction site in Burnaby over the last few weeks. Most saw their actions as a form of civil disobedience. Opposition to Kinder Morgan has intensified in recent weeks, with nearly 200 people arrested for trying to stop construction at the Burnaby site. The company has threatened to abandon the pipeline project by May 31 if stakeholders cannot resolve the concerns in B.C.
Communities in Colorado—one of the fastest-warming states—have joined coastal cities in trying to make Big Oil pay.
Two Colorado counties and the city of Boulder are suing ExxonMobil and Suncor Energy, Canada's largest oil company, to hold them responsible for climate change-related damage to their communities.
The lawsuit, filed Tuesday in a state district court by Boulder, Boulder County and San Miguel County, is seeking compensation for damage and adaptation costs resulting from extreme weather events.
They say the first casualty of war is truth, and the escalating pipeline battle between B.C. and Alberta seems no exception. Canadians have been repeatedly told the Trans Mountain pipeline expansion will open up lucrative new overseas markets for unprocessed bitumen. This is nonsense.
More than 450 business leaders are speaking out against the Trans Mountain expansion project.
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Notably, OpenText Co-Founder Tim Bray is among the long list of signatories of an open letter urging British Columbia Premier John Horgan to stand strong in his ongoing fight to block the project.
