Posts Tagged with "tar"

Banks on Notice: Dump Enbridge!

Wednesday, May 4, 2011

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Banks on Notice: Dump Enbridge!

As Canadians were casting their votes in the Federal Election, another important decision was playing out in the board rooms of Canada’s top banks: what to do with Enbridge, sponsor of the Northern Gateway Pipeline. Over the last several weeks, RAN  teamed up with First Nations of the Yinka Dene Alliance to put senior banking [...]

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RBS Still Mired In Tar Sands

Monday, April 18, 2011

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RBS Still Mired In Tar Sands

Last Summer we had a rather public row with RBS over its role in bankrolling fossil fuel expansion. Since then, the Bank’s PR team has been working overtime to clear the bank’s name — even releasing a 10-page report dedicated to the topic. Trouble is, its bankers continue to close lucrative deals in the tar [...]

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Bank of Montreal Confronted on Indigenous Rights

Wednesday, March 23, 2011

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Bank of Montreal Confronted on Indigenous Rights

CEO Bill Downe’s unmistakable message at today’s Shareholder Meeting was that Bank of Montreal has changed. During his 10 minute speech, “change” showed up 14 times! The “world has changed” he declared. “Embrace change.” “If there’s one thing I hope you take away from these remarks,” he concluded, “it’s that BMO is changing.” I half [...]

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Citi Needs an Intervention

Wednesday, March 9, 2011

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Citi Needs an Intervention

Addiction – noun \ə-ˈdik-shən, a-\: persistent compulsive use of a substance known by the user to be harmful. (Merriam-Webster) Citi has a problem. Despite renewing its vows in 2009 to tackle “Environmental and Social Risk Management,” including mountaintop removal coal mining, Citi is relapsing into fossil fuel addiction. Last year, Citi raised more than $34 [...]

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Keystone XL Won’t Decrease “Unfriendly” Oil Imports Either

Wednesday, January 26, 2011

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Keystone XL Won’t Decrease “Unfriendly” Oil Imports Either

Yesterday, AP reported that the proposed Keystone XL tar sands pipeline to Texas won’t decrease gas prices (I broke that story last month, but who’s counting). In fact, a report commissioned by pipeline sponsor TransCanada now shows that connecting tar sands producers with Gulf Coast refiners actually pushes gas prices up for everybody. That same [...]

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Group Therapy For Banks Hooked on Tar Sands

Sunday, January 31, 2010

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After more than a year of denial, RBC may be admitting that it has a problem in the tar sands. Tomorrow, we’ve learned that RBC will host a group of more than a dozen international banks for what it calls a “day of learning”. The meeting comes just eight weeks after our letter to 68 [...]

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Banks Ranked and Spanked on Tar Sands

Sunday, January 31, 2010

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As an ode to the  “rank ‘em and spank ‘em” strategy coined by our outgoing Executive Director Mike Brune, we proudly present the following roster of international banks backing expansion in the tar sands. The table below is based on credit extended underwritten by each bank to companies operating in the tar sands since 2007 [...]

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Greenwash of the Week: BP tars itself

Tuesday, April 15, 2008

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