All articles by Keith Stewart
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Five reasons to tax record-breaking oil sands profits
Canadian oil sands companies reported an unprecedented $34.7 billion in profits in 2022, more than double the $15.1 billion they made in 2021 (see table below). In the midst of…
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RBC is putting 99% of its energy finance into fossil fuels: Here’s what they should fund instead
RBC claims to be committed to climate action, yet Canada’s largest bank (and the fifth largest financier of fossil fuels in the world) is allocating a mere 1% of its…
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Canada to (mostly) stop subsidizing international fossil fuel projects
Canada has joined the growing ranks of nations promising to end international financing of fossil fuels (though there are some worrisome exceptions).
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How Canadian banks helped kill the UN’s net zero banking club
In a development worthy of its own true-crime podcast, the United Nations’ net zero banking alliance was murdered and Canadian banks’ fingerprints are all over the murder weapon.
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Canada’s big five banks increased support for fossil fuels by 70% in 2021
The 13th edition of the Banking on Climate Chaos report shows that RBC, Scotiabank, CIBC, TD, and Bank of Montreal all increased their financing of fossil fuels by a combined USD 54 billion in 2021, a 70% increase over 2020.
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Trans Mountain Pipeline: a climate risk no investor should take
If it weren’t such a bad idea in the first place, you could almost feel sorry for the Trans Mountain Expansion (TMX) pipeline. On Friday, the federal government cut it…
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Election 2021: Comparing Climate Plans
This federal election marks the first time that all the major parties have detailed plans to address the climate crisis – here's a comparison of their proposals.
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Opinion: Failed anti-Alberta energy inquiry an affront to democratic debate
What happens when an inquisition can’t find any sinners? That is the conundrum facing the Kenney government’s so-called Public Inquiry into Anti-Alberta Energy Campaigns.
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Great news for the planet: IEA calls for fossil fuel development to stop as of yesterday
The most influential energy policy agency in the world just took a position that was dismissed as extremist only a few years ago.
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What Trudeau should do to save banks from themselves (and the rest of us from climate chaos)
Globally, the finance sector is having an “oh shit” moment as banks, pension funds and investors begin to recognize the threats posed by climate change.