Oil - Pipelines

New York City pension plans are attempting to force RBC to disclose its full greenhouse gas emission targets for 2030 because the bank keeps financing fossil fuel expansion despite making net-zero pledges.

Canada’s uneasy relationship between climate change and fossil fuel development was illustrated in November 2021 when seven atmospheric rivers hit southern B.C. The “big one” starting on Nov. 13 led to massive flooding and landslides that crippled infrastructure and isolated the south coast from the rest of Canada.

Jan. 23, 2023

When it comes to our exploding climate crisis, fossil fuels are the undisputed weapons of mass destruction.

The Department of Fisheries and Oceans is investigating a complaint that Coastal GasLink failed to prevent sediment stirred up by pipeline construction activities from flowing downstream at a construction site on the Lho Kwa (Clore River) in B.C.

Sediment pollution poses a serious risk to salmon and steelhead eggs, effectively smothering them. Clore River is a large tributary of the Skeena River, which is an important habitat for both salmon and steelhead trout.

Canada’s financial heavyweights are trying to convince the federal government to let them keep pumping money into the oil and gas sector, using loopholes unsupported by climate science, confidential documents obtained by Canada’s National Observer reveal.

The Sustainable Finance Action Council (SFAC), whose members include representatives from Canada’s major banks, insurance companies and pension plans, was set up in 2021 to advise Finance Minister Chrystia Freeland on how to best build a sustainable finance market.