With thousands of jobs at stake, nearly two dozen Quebec microbreweries are betting that the province's love for beer will crush the prospects of a major proposed oil pipeline.
Calgary-based TransCanada Corp. wants to build the Energy East pipeline, the largest project of its kind ever proposed in Canada, along the St. Lawrence River, which supplies millions in Quebec with fresh water. But in a new campaign launched on Wednesday, 21 Quebec microbreweries are urging the province to choose beer over oil.
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Lawyers working on a review of how the Toronto Dominion bank is investing in the Dakota Access pipeline said it has not idea when the project will be complete.
In December, the bank issued a statement stating that it would undertake a review after protesters blocked several branches in Canada and the United States in an effort to get the bank to stop investing in the Dakota Access pipeline.
Billion-dollar bets on Canada's oil sands went sour this week for Exxon Mobil Corp and Conoco Phillips. Between them, the two companies erased from their books nearly 5 billion barrels of bitumen, the heavy, viscous oil found under Alberta's boreal forest. This has wiped about $250 billion worth of oil from their reserves.
Kinder Morgan Inc (KMI.N) has begun talks with institutional investors including major Canadian pension funds and private equity firms to raise capital for the $6.8 billion expansion of its Trans Mountain pipeline project, according to people familiar with the process.
Kinder Morgan has held discussions with Canada Pension Plan Investment Board, the Caisse de depot et placement du Quebec and Ontario Teachers' Pension Plan Board, three of the biggest Canadian pension funds, the people added. It was unclear whether these talks were continuing.
Citizen’s groups on Friday delivered a petition with more than 11,300 signatures to three of Japan’s mega-banks to demand they halt funding for the Dakota Access Pipeline reinstated by U.S. President Donald Trump.
A Lakota prophecy tells of a mythic Black Snake that will move underground and bring destruction to the Earth. The “seventh sign” in Hopi prophecy involves the ocean turning black and bringing death to many sea-dwelling creatures. It doesn’t take an over-active imagination to make a connection between these images and oil pipelines and spills.
