Comments on: Banks Ranked and Spanked on Tar Sands http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/ The Understory is the official blog of Rainforest Action Network. Wed, 08 Feb 2012 14:08:46 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Big Oil’s Pipeline Scheme to Increase Midwest Gas Prices : Wildlife Promise http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-508614 Big Oil’s Pipeline Scheme to Increase Midwest Gas Prices : Wildlife Promise Wed, 26 Jan 2011 20:05:50 +0000 http://understory.ran.org/?p=5491#comment-508614 [...] Brant Olson of Rainforest Action Network first uncovered the documents (check out Brant’s work shining a light on the banks financing tar sands development here). [...] [...] Brant Olson of Rainforest Action Network first uncovered the documents (check out Brant’s work shining a light on the banks financing tar sands development here). [...]

]]> By: Big Oil’s Pipeline Scheme to Increase Midwest Gas Prices : Wildlife Promise http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-508610 Big Oil’s Pipeline Scheme to Increase Midwest Gas Prices : Wildlife Promise Wed, 26 Jan 2011 19:51:12 +0000 http://understory.ran.org/?p=5491#comment-508610 [...] Brant Olson of Rainforest Action Network first uncovered the documents (check out Brant’s work shining a light on the banks financing tar sands development here). [...] [...] Brant Olson of Rainforest Action Network first uncovered the documents (check out Brant’s work shining a light on the banks financing tar sands development here). [...]

]]> By: The Understory » HSBC Takes a Step away from Tar Sands http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-508450 The Understory » HSBC Takes a Step away from Tar Sands Wed, 26 Jan 2011 00:34:59 +0000 http://understory.ran.org/?p=5491#comment-508450 [...] the bank we ranked 13th among tar sands financiers last year, it ain’t perfect. The new policy lacks any timelines, [...] [...] the bank we ranked 13th among tar sands financiers last year, it ain’t perfect. The new policy lacks any timelines, [...]

]]> By: Bjorn and the U-turn | Shoulder of Oak http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-472869 Bjorn and the U-turn | Shoulder of Oak Wed, 01 Sep 2010 15:19:45 +0000 http://understory.ran.org/?p=5491#comment-472869 [...] his Global Warming Policy Forum with an impressive CV, as former director of Barclays Bank (a bank renowned for bank rolling fossil fuel companies across the globe), president of the BP and Royal Dutch Shell sponsored British Institute of Energy Economics, and [...] [...] his Global Warming Policy Forum with an impressive CV, as former director of Barclays Bank (a bank renowned for bank rolling fossil fuel companies across the globe), president of the BP and Royal Dutch Shell sponsored British Institute of Energy Economics, and [...]

]]> By: The Understory » Banks Ranked and Spanked on Tar Sands http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-462372 The Understory » Banks Ranked and Spanked on Tar Sands Fri, 30 Jul 2010 23:20:08 +0000 http://understory.ran.org/?p=5491#comment-462372 [...] strategy coined by our outgoing Executive Director Mike Brune, we proudly present the following roster of international banks backing expansion in the tar [...] [...] strategy coined by our outgoing Executive Director Mike Brune, we proudly present the following roster of international banks backing expansion in the tar [...]

]]> By: designerhandbags http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-441922 designerhandbags Fri, 18 Jun 2010 02:42:33 +0000 http://understory.ran.org/?p=5491#comment-441922 From the Underwriting League .pdf I see totals by lender but not the lendees – where do you get this? From the Underwriting League .pdf I see totals by lender but not the lendees – where do you get this?

]]> By: The Understory » Canada’s tar sands top US oil imports. http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-433441 The Understory » Canada’s tar sands top US oil imports. Tue, 25 May 2010 20:26:45 +0000 http://understory.ran.org/?p=5491#comment-433441 [...] What can I do, you ask? Two things. First, Write President Obama and tell him to promote investments in renewable energies that will break our addiction to fossil fuels. Second, choose a bank that won’t use your money to underwrite this fossil fuel expansion (here’s the list). [...] [...] What can I do, you ask? Two things. First, Write President Obama and tell him to promote investments in renewable energies that will break our addiction to fossil fuels. Second, choose a bank that won’t use your money to underwrite this fossil fuel expansion (here’s the list). [...]

]]> By: Bill Burgess http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-432753 Bill Burgess Fri, 21 May 2010 15:08:18 +0000 http://understory.ran.org/?p=5491#comment-432753 Hi, I gather you can't publish more detailed listings of loans on the web, but is what you have done available otherwise, e.g. for the other Canadian banks, and perhaps insurance companies and pension funds? From the Underwriting League .pdf I see totals by lender but not the lendees - where do you get this? Your work on this is great, by the way. I am trying to trace of out similar connections based on what inter-corporate ownership exists. Bill Burgess Hi, I gather you can’t publish more detailed listings of loans on the web, but is what you have done available otherwise, e.g. for the other Canadian banks, and perhaps insurance companies and pension funds?

From the Underwriting League .pdf I see totals by lender but not the lendees – where do you get this?

Your work on this is great, by the way. I am trying to trace of out similar connections based on what inter-corporate ownership exists.

Bill Burgess

]]> By: The Understory » Cleaning up The Other Royal Bank http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-423142 The Understory » Cleaning up The Other Royal Bank Wed, 28 Apr 2010 23:56:31 +0000 http://understory.ran.org/?p=5491#comment-423142 [...] after the other Royal Bank–the Royal Bank of Scotland–with our friends across the pond. RBS ranks 7th globally among banks backing tar sands operators, but first in the UK where taxpayers now own more [...] [...] after the other Royal Bank–the Royal Bank of Scotland–with our friends across the pond. RBS ranks 7th globally among banks backing tar sands operators, but first in the UK where taxpayers now own more [...]

]]> By: The Understory » Activist Arrested at RBC’s Waterloo http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-412518 The Understory » Activist Arrested at RBC’s Waterloo Thu, 01 Apr 2010 23:59:19 +0000 http://understory.ran.org/?p=5491#comment-412518 [...] Fools Day as a day of pranks and protest against fossil fuels and climate change. According to Bloomberg, RBC is a top arranger of financing to companies operating in the tar [...] [...] Fools Day as a day of pranks and protest against fossil fuels and climate change. According to Bloomberg, RBC is a top arranger of financing to companies operating in the tar [...]

]]> By: Cavan http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-409086 Cavan Sun, 21 Mar 2010 20:04:38 +0000 http://understory.ran.org/?p=5491#comment-409086 Are you getting a lot of traffic to this blog? The thing is loading super slow for me. Are you getting a lot of traffic to this blog? The thing is loading super slow for me.

]]> By: Over 150 People Call On RBC to End Tar Sands Financing at Annual General Shareholder’s Meeting « It’s Getting Hot In Here http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-403584 Over 150 People Call On RBC to End Tar Sands Financing at Annual General Shareholder’s Meeting « It’s Getting Hot In Here Wed, 03 Mar 2010 14:57:59 +0000 http://understory.ran.org/?p=5491#comment-403584 [...] “It is unacceptable that RBC is a major financier of the Alberta tar sands, one of the most environmentally destructive projects in the world,” said Maryam Adrangi, a member of Rainforest Action Network Toronto and a lead organizer of today’s rally. “We will not stop until RBC adopts a socially responsible banking policy that includes respect for Indigenous rights and the phasing out financing for dirty fossil fuels like the tar sands.”   According to Bloomberg, since 2007, RBC has backed $16.9 billion in loans to companies operating in the tar sands, and has earned more than $132 million in underwriting fees. As a result, RBC has enabled the production of the world’s dirtiest oil. Oil extraction from the tar sands generates three times the CO2 emissions as conventionally extracted oil, and will soon make Canada the biggest contributor to global warming.   Mining oil from tar sands requires churning up huge tracts of ancient boreal forest and polluting so much clean water with poisonous chemicals that the resulting waste ponds can be seen from outer space. The health impacts to Alberta’s First Nation communities are severe, with cancer rates up in some communities as much as 400 times its usual frequency. In addition, communities living near oil refineries face increased air and water pollution from tar sands oil, which contains 11 times more sulfur and nickel and five times more lead than conventional oil.    The Rainforest Action Network campaign to Clean Up RBC has been demanding that RBC take responsibility for its lending in the tar sands by meeting basic standards set by other leading banks on Indigenous rights, water and habitat impacts and climate change.   ###   For more information on RBC and the tar sands, visit: http://understory.ran.org/tag/rbc/ To see how RBC stacks up to other banks on financing in the tar sands see: http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands [...] [...] “It is unacceptable that RBC is a major financier of the Alberta tar sands, one of the most environmentally destructive projects in the world,” said Maryam Adrangi, a member of Rainforest Action Network Toronto and a lead organizer of today’s rally. “We will not stop until RBC adopts a socially responsible banking policy that includes respect for Indigenous rights and the phasing out financing for dirty fossil fuels like the tar sands.”   According to Bloomberg, since 2007, RBC has backed $16.9 billion in loans to companies operating in the tar sands, and has earned more than $132 million in underwriting fees. As a result, RBC has enabled the production of the world’s dirtiest oil. Oil extraction from the tar sands generates three times the CO2 emissions as conventionally extracted oil, and will soon make Canada the biggest contributor to global warming.   Mining oil from tar sands requires churning up huge tracts of ancient boreal forest and polluting so much clean water with poisonous chemicals that the resulting waste ponds can be seen from outer space. The health impacts to Alberta’s First Nation communities are severe, with cancer rates up in some communities as much as 400 times its usual frequency. In addition, communities living near oil refineries face increased air and water pollution from tar sands oil, which contains 11 times more sulfur and nickel and five times more lead than conventional oil.    The Rainforest Action Network campaign to Clean Up RBC has been demanding that RBC take responsibility for its lending in the tar sands by meeting basic standards set by other leading banks on Indigenous rights, water and habitat impacts and climate change.   ###   For more information on RBC and the tar sands, visit: http://understory.ran.org/tag/rbc/ To see how RBC stacks up to other banks on financing in the tar sands see: http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands [...]

]]> By: The Understory » VANCOUVER – First Nations and Rainforest Action Network Protest RBC, World’s Largest Tar Sands Financier and Olympic Sponsor http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-400429 The Understory » VANCOUVER – First Nations and Rainforest Action Network Protest RBC, World’s Largest Tar Sands Financier and Olympic Sponsor Tue, 16 Feb 2010 23:31:40 +0000 http://understory.ran.org/?p=5491#comment-400429 [...] See how RBC’s tar sands financing stacks up to other banks in our earlier post: “Banks Ranked and Spanked on Tar Sands“ [...] [...] See how RBC’s tar sands financing stacks up to other banks in our earlier post: “Banks Ranked and Spanked on Tar Sands“ [...]

]]> By: OIL-YMPICS COME TO TRAFALGAR SQUARE « Tar Sands in Focus http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-399607 OIL-YMPICS COME TO TRAFALGAR SQUARE « Tar Sands in Focus Fri, 12 Feb 2010 13:07:46 +0000 http://understory.ran.org/?p=5491#comment-399607 [...] For RBS investments see http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/ [...] [...] For RBS investments see http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/ [...]

]]> By: The Understory » RAN Toronto Publicly Shames RBC CEO Gordon Nixon http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-399512 The Understory » RAN Toronto Publicly Shames RBC CEO Gordon Nixon Thu, 11 Feb 2010 23:22:58 +0000 http://understory.ran.org/?p=5491#comment-399512 [...] and has invested financed over $20 billion USD over the last 5 years (UPDATE: see details on more recent numbers). To extract tar sands oil requires churning up huge tracts of ancient boreal forest and polluting [...] [...] and has invested financed over $20 billion USD over the last 5 years (UPDATE: see details on more recent numbers). To extract tar sands oil requires churning up huge tracts of ancient boreal forest and polluting [...]

]]> By: The Understory » RBC to RAN: “we may indeed be able to have a productive discussion” http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-399511 The Understory » RBC to RAN: “we may indeed be able to have a productive discussion” Thu, 11 Feb 2010 23:20:19 +0000 http://understory.ran.org/?p=5491#comment-399511 [...] than $84 million (USD) in debt and equity underwriting fees (see updated details on these numbers here). Gay claims RBC has “less than $2 billion” invested in the tar sands. We’re [...] [...] than $84 million (USD) in debt and equity underwriting fees (see updated details on these numbers here). Gay claims RBC has “less than $2 billion” invested in the tar sands. We’re [...]

]]> By: “Banks Ranked and Spanked on Tar Sands” « Climate Justice Links http://understory.ran.org/2010/01/31/banks-ranked-and-spanked-on-tar-sands/comment-page-1/#comment-397287 “Banks Ranked and Spanked on Tar Sands” « Climate Justice Links Sun, 31 Jan 2010 22:24:36 +0000 http://understory.ran.org/?p=5491#comment-397287 [...] on Tar Sands” Published January 31, 2010 Uncategorized Leave a Comment Brant on The Understory blog As an ode to the “rank ‘em and spank ‘em” strategy coined by our outgoing Executive [...] [...] on Tar Sands” Published January 31, 2010 Uncategorized Leave a Comment Brant on The Understory blog As an ode to the “rank ‘em and spank ‘em” strategy coined by our outgoing Executive [...]

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