Great News! TransCanada Just Scrapped the Energy East Tar Sands Oil Pipeline

by Diana Best

October 5, 2017

Next up, stopping Keystone XL once and for all.

Tell JPMorgan Chase to defund dirty tar sands pipelines!

© Jordan Hetrick / Greenpeace

Today, I woke up to some incredible news. TransCanada — the company behind the Keystone XL pipeline — just announced that it’s cancelling its other highly controversial tar sands pipeline, Energy East, taking an estimated billion dollar loss.

The proposed $12.5 billion dollar Energy East pipeline would have transported up to 1.1 million barrels of crude tar sands oil daily from Alberta across Eastern Canada.

TransCanada’s decision to scrap the controversial East Energy pipeline is a huge victory for the First Nations, workers, and activists that have resisted this project for years. It’s a victory that should be shared by all of us that continue to stand up to reckless tar sands expansion and these senseless, dirty pipeline proposals. These tar sands pipelines across North America, like Keystone XL, Line 3, and Kinder Morgan’s TransMountain pipeline, threaten  our communities, drinking water, Indigenous sovereignty and human rights, and our fight against climate change. Each of these proposed projects will continue to be met with strong criticism and peaceful resistance.

Key investors in these projects like JPMorgan Chase should pay close attention: funding these pipelines — which compromise our climate and precious water resources and threaten human rights — will continue to be a moral, ethical, and financial liability.

Greenpeace, alongside a powerful coalition of Tribes, First Nations, community groups, other environmental organizations, and landowners, have called on the major banks backing tar sands pipelines to commit once and for all to end their funding and financial relationship with these dirty pipeline projects.

Earlier this summer, we put JPMorgan Chase, the key backer of these projects in the US, on notice to defund tar sands pipelines. Throughout the Summer of Resistance, supporters like you signed petitions to Chase’s CEO, Jamie Dimon, and hosted rallies outside of JPMorgan Chase bank branches. We even welcomed Jamie Dimon to Denver with a massive protest outside of the Chase building. The people power is growing!

Just yesterday, we took our message to the front door of JPMorgan Chase’s global headquarters in New York City where we delivered over 84,000 petition signatures to CEO Jamie Dimon. We demand that JPMorgan Chase stop funding these pipelines and listen to the people.

We know that we can and must defeat each and every one of these tar sands pipelines. This movement is growing stronger, with tens of thousands of people joining their voices in protest and opposition to the expansion of extreme energy. That is why Greenpeace is joining the Mazaska Talks day of action at the end of the month to #DivestTheGlobe. With today’s victory fresh in our minds, let’s continue to resist these pipeline with everything we have got!

Diana Best

By Diana Best

Diana Best is a senior climate and energy campaigner at Greenpeace USA, based in Denver, Colorado. She began working with Greenpeace in 2008 on federal climate legislation and has since worked on reforming federal fossil fuel leasing programs and fighting new infrastructure projects around the United States. She is currently leading Greenpeace’s “Hold the Line” work aimed at halting the political and social influence of the oil industry during Trump’s administration.

We Need Your Voice Join Us!

Want to learn more about tax-deductible giving, donating stock and estate planning?

Visit Greenpeace Fund, a nonprofit, 501(c)(3) charitable entity created to increase public awareness and understanding of environmental issues through research, the media and educational programs.