Banks| Dodgy Deals| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Join our Active Allies list
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2021-02-24 00:00:00
Protect the climate but finance Total?
2021-02-16 00:00:00
Oil and gas financiers are staring down the barrel at $1 trillion in losses: time to rein in support for new pipelines
2021-02-11 00:00:00
Beefing up risk: the exposure of JBS’ financiers to financial, regulatory and reputational risks
2021-01-25 00:00:00
Why should banks support EU mandatory human rights and environmental due diligence?
2020-09-24 12:53:20
Oscislowo open-pit coal mine cancelled
2020-09-08 13:07:41
Strengthened OECD guidance on responsible banking
2020-02-25 10:35:27
JPMorgan Chase Coal and Arctic Policy a step forward but fails to match its climate responsibility as the world’s #1 Fossil Bank
2020-02-18 17:27:23
Civil society groups welcome Royal Bank of Scotland preparing to exit fossil fuels
Connect
2021-02-01 00:00:00
Banking on Thin Ice
2020-11-30 00:00:00
Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact
2020-11-24 00:00:00
"Trust Us, We're Equator Banks": Part II
2020-11-18 00:00:00
Crude Risk: Risks to banks and investors from the East African Crude Oil Pipeline
2020-09-16 00:00:00
Principles for Paris-Aligned Financial Institutions: Climate Impact, Fossil Fuels and Deforestation
2020-08-17 00:00:00
"Trust Us, We're Equator Banks": Part I
See all publications
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Home › News
In advance of TransCanada earnings call, Greenpeace and groups release Investor Briefing on Keystone XL obstacles
Start
Dodgy Deals

By: Greenpeace
2018-02-14
Washington, D.C.

Contact:

Charlie Kronick (Greenpeace UK)
charlie.kronick @greenpeace.org
+44 7801 212 963

Louise Rouse
louise@louiserouse.org
+44 7751 256 163


Share this page:

Keystone XL pipeline. Photo: CC license Wikimedia shannonpatrick17

Today, Greenpeace USA, Greenpeace UK, and endorsing groups including BOLD Nebraska, Oil Change International (OCI), National Resources Defense Council (NRDC), and Rainforest Action Network (RAN) released an investor briefing on the current state of the Keystone XL pipeline project and the legal, regulatory, and political obstacles it continues to face to achieve completion. The briefing will be shared tomorrow with key lenders and thought-leaders who cover TransCanada and comes in advance of TransCanada’s 4th quarter earnings call to its investors the same day. The briefing includes a detailed analysis of the changes the Keystone XL pipeline project incurred during the last financial quarter, as well as a list of critical questions institutional investors may wish to ask to help determine the project’s commercial viability.

Among the major risks to the Keystone XL project included in the briefing are:

  • The legal challenge to the validity of the Nebraska Professional Services Council (PSC) decision approving the alternate route for the pipeline;

  • The 2014 federal Final Supplemental Environmental Impact Statement (FSEIS) that does not cover the project’s new approved route;

  • The more than 100 landowners in Nebraska who refuse to sign over their land for the new route; and

  • The escalating Indigenous and landowner opposition to the pipeline, including its threat to drinking water.

The briefing can be downloaded here.

TransCanada has yet to make its final investment decision on Keystone XL, a project which continues to face legal and regulatory challenges. The pipeline company had estimated that it would make its determination last December, but has since indicated that it could make the announcement by the end of the first quarter 2018 (March 31).    

In October 2017, Greenpeace and OCI released an in-depth report that outlined the financial and reputational risks related to three tar sands pipelines, including Keystone XL. 

Related Dodgy Deals

Projects

active

Keystone XL pipeline United States

Pipeline Transportation of Crude Oil
There are no projects active for this item now.

Companies

active

TC Energy Canada

Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
There are no companies active for this item now.
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted