Amongst all the hooting and hollering over the Kinder Morgan Trans Mountain pipeline, it’s easy to lose track of how on earth we ended up in this place of dysfunction.
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
