Banks| Policies| 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
Jobs at BankTrack
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2023-01-23 00:00:00
Berta Cáceres: new rules for banks could help stop defender killings
2023-01-16 00:00:00
In the balance: Why European due diligence legislation must cover financial services
2022-12-08 00:00:00
Exposed: Western banks funding Qatar’s carbon bombs
2022-12-08 00:00:00
Right-wing attack on sustainable finance is the latest form of climate denial
2022-12-14 11:08:26
HSBC announces it will no longer finance new oil and gas fields
2022-10-13 15:56:39
More major banks and insurers refuse to support EACOP
2022-09-16 10:38:48
European Parliament passes emergency resolution against human rights violations & environmental threats linked to EACOP
2022-06-27 09:49:16
Crédit Agricole takes first step to phase out from the oil and gas sector
Connect
2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
See all publications
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
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
Go to:
Start
Related Dodgy Deals

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. 

Go to:
Start
Related Dodgy Deals

Related Dodgy Deals

Projects

There are no projects active for this item now.
on record

Keystone XL pipeline United States

Pipeline Transportation of Crude Oil

Companies

There are no companies active for this item now.
on record

TC Energy Canada

Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
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