BANKS DODGY DEALS CAMPAIGNS
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
2023-03-17 00:00:00
Briefing: The role of financial institutions in decarbonising the steel sector
2023-03-09 00:00:00
Dutch bank ING supports controversial pipeline to import gas from authoritarian Azerbaijan
2023-02-23 00:00:00
Financial institutions need to address steelmaking’s coal addiction
2023-02-07 00:00:00
What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries
2023-03-20 08:50:41
Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?
2023-03-14 14:59:00
New ING policy could spark bank shift away from financing oil and gas infrastructure
2023-02-24 13:46:14
Pego power station conversion plans halted
2022-12-14 11:08:26
HSBC announces it will no longer finance new oil and gas fields
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
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Banks and Pandemics
Our projects
Tracking the NZBA
Banks and Putin's war in Ukraine
Tracking the Equator Principles
Tracking the PRBs
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
BankTrack
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
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Login
Home › Partner news ›
Partner News

New report reveals ‘Dirty Business' practices of TransCanada pipelines

Oil company is bullying farmers and skimping on safety in push to build mega-pipeline for tar sands oil across America's heartland
2011-04-28 | Washington
By: FOE US- Kelly Trout and Alex Moore
Contact:

Kelly Trout
Alex Moore

 

2011-04-28 | Washington
By: FOE US- Kelly Trout and Alex Moore
Contact:

Kelly Trout
Alex Moore

 

A report released today by Friends of the Earth reveals the nefarious business practices of TransCanada Pipelines, whose controversial proposal to pump tar sands oil across the American Midwest is currently under review by the Obama administration. 

Dirty Business: How TransCanada Pipelines bullies farmers, manipulates oil markets, threatens fresh water and skimps on safety in the United States documents underhanded and risky tactics employed by TransCanada in pursuing the Keystone XL tar sands oil project. These dirty practices include threatening U.S. farmers and ranchers along the proposed route of the pipeline, dodging safety concerns, and scheming to manipulate U.S. oil markets to drive up corporate profits. TransCanada has done all this while currying political influence behind the scenes to get approval of the pipeline.

"TransCanada has shown a pattern of abuse and deception," concluded Alex Moore, dirty fuels campaigner at Friends of the Earth and a co-author of the report. "The environmental dangers of this dirty oil project-from increasing air pollution to contaminating drinking water supplies-were alarming enough. Now Americans learn TransCanada appears more interested in trying to mislead the U.S. government and intimidate and seize land belonging to farmers than it is in answering serious questions about safety."

TransCanada's business practices are facing increasing scrutiny in Congress. Two weeks earlier, Senator Ron Wyden (D-Ore.) called for a Federal Trade Commission investigation into the company's efforts to manipulate U.S. oil markets.

TransCanada's exploits have already made the company infamous in rural areas that would be crossed by the proposed Keystone XL pipeline. In Nebraska, "Stop the TransCanada Pipeline" lawn signs are a common sight along its planned route. Typically oil-friendly East Texas has become a hotbed of resistance, with citizens organizing a coalition and hotline to fight the pipeline and share information about company abuse. Dozens of landowners have also taken their fight against TransCanada to the courts.

"While TransCanada is bullying its way through Middle America, it seems to think it can get its way with the Obama administration by hiring high-priced insider lobbyists and hiding its goal of manipulating oil prices. I hope President Obama and Secretary Clinton will not be so gullible. They should reject this unnecessary and dangerous pipeline," added Moore.

Recent developments make this closer look at TransCanada appropriate. Earlier this month, the Department of State released a Supplemental Draft Environmental Impact Statement (SDEIS) for the controversial Keystone XL pipeline and a public comment period will end June 6.  Local communities have asked the State Department to extend the comment period and to hold public hearings so they can review the agency's findings and share their experiences dealing with TransCanada. 

 

###

Friends of the Earth is fighting to defend the environment and create a more healthy and just world.  Our current campaigns focus on promoting clean energy and solutions to climate change, keeping toxic and risky technologies out of the food we eat and products we use, and protecting marine ecosystems and the people who live and work near them.

Dodgy Deals
There are no active project profiles for this item now.

Keystone XL pipeline

United States
Project
On record
Pipeline Transportation of Crude Oil

Keystone XL pipeline

United States
Sections
Banks Policies Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature Banks and Pandemics
Our projects
Tracking the NZBA Banks and Putin's war in Ukraine Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
BankTrack
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
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Tel: +31 24 324 9220
Contact@banktrack.org
Donate Mailing list Facebook Twitter
©2022 BankTrack
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