Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oilsands projects.
The German bank said Monday its new fossil fuels policy will also prohibit investing in projects that use hydraulic fracturing or fracking in countries with scarce water supplies, and all new oil and gas projects in the Arctic region.
An environmental law group wants a court to suspend the Alberta government's inquiry into oil and gas industry critics until there's a decision on whether it's legal.
The United Conservative government contends foreign interests are bankrolling environmental opposition to Canadian fossil-fuel projects.
In June 2019, It appointed forensic accountant Steve Allan to head a public inquiry.
Zurich Insurance Group has decided not to renew coverage of the Trans Mountain pipeline, according to a media report.
The news comes roughly a year after the large Swiss insurance company declared it would reject companies that operate “purpose-built” transportation infrastructure for oilsands products, including pipelines.
A great, narrated picture/video tour of the TMX construction sites from Burnaby north.Trans Mountain Construction Update July 2020
Trans Mountain has got lots of sticks in the ground, but not a whole lot of pipe. Let’s try and keep it that way. Climate Campaigner Peter McCartney recently took a trip along the pipeline route for this construction update.
Documents obtained by The Narwhal reveal Canada Action, an organization that promotes the natural resources industries while criticizing the environmental movement, receives funding from the oil and gas sector
The chief of Sumas First Nation is calling for an independent investigation into the Trans Mountain pipeline, following an oil spill this past weekend near a significant burial ground for the community.
Natural Resources Minister Seamus O’Regan’s office says it is monitoring the situation closely and expects all companies to “adhere to the highest standards of safety and environmental stewardship.”