BANKS DODGY DEALS CAMPAIGNS
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Our projects
Tracking the NZBA
Banks and Russia
Banks and Steel
Tracking the Equator Principles
Tracking the PRBs
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Get in touch
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Linkedin Login
Home › Partner news ›
Partner News

Problematic Pipelines: Trans Mountain challenges go beyond B.C. government opposition

Greenpeace Investor Alert
2018-04-20
By: Greenpeace
Contact:

Charlie Kronick, (Greenpeace UK) Charlie.kronick @greenpeace.org +44 7801 212 963 Louise Rouse louise@louiserouse.org +44 7751 256 163

Photo: Greenpeace
2018-04-20
By: Greenpeace
Contact:

Charlie Kronick, (Greenpeace UK) Charlie.kronick @greenpeace.org +44 7801 212 963 Louise Rouse louise@louiserouse.org +44 7751 256 163

Since Kinder Morgan Canada Limited acknowledged on April 8 that the Trans Mountain Expansion Project (TMEP) may be cancelled because of stakeholder objections, attention has focused on the need to overcome the difficulties posed to the project by the government of British Columbia by the May 31 deadline imposed by the company. However, the risks facing TMEP go beyond permitting difficulties in B.C. and are unlikely to be resolved by the end of May.

Greenpeace has published a new briefing outlining the intensifying opposition to (TMEP) from a diverse range of stakeholders including the B.C. government, the  Governor of Washington, First Nations, and Nestlé Waters Canada (Nestlé) which threatens to force the cancellation or delay of TMEP.

Institutional financiers may wish to ask Kinder Morgan whether adequate assurances can be obtained on all of these risks or whether the company should instead cancel TMEP.

Key risks facing TMEP which are examined in the attached briefing  include:

●   British Columbia’s proposal for restricting the transport of diluted bitumen

●   Possibility of restrictions on increased tanker traffic in Washington state

●   Nestlé’s opposition to the proposed pipeline route

●   Growing First Nations’ opposition and non-violent direct action, which is attracting mainstream media coverage

●   Pending litigation which will not be determined by May 31.

Download the investment briefing here.

Greenpeace USA, in partnership with Waterkeeper Alliance, also released a report earlier this week which details Energy Transfer Partners (ETP) and their subsidiaries’ track record of incidents during pipeline construction as well as spills from their existing pipeline network. The report finds that from 2002 to the end of 2017, ETP, Sunoco and their subsidiaries and joint ventures reported 527 hazardous liquids pipeline incidents to federal regulators - approximately averaging one incident from existing facilities every eleven days. These spills released a total of 87,273 barrels (3.6 million gallons) of hazardous liquids, including 66,515 barrels (2.8 million gallons) of crude oil. 67 of the hazardous liquid incidents were reported to have contaminated water, of which 18 incidents contaminated groundwater.

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

Trans Mountain Pipeline Expansion project (TMEP)

Canada
Project
On record
Pipeline Transportation of Crude Oil

Trans Mountain Pipeline Expansion project (TMEP)

Canada
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature
Our projects
Tracking the NZBA Banks and Russia Banks and Steel Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Get in touch
Successes Contact BankTrack
Nijmegen
The Netherlands
Contact us
Donate Mailing list Facebook Twitter Linkedin
© 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