Canada's oil sands: unsafe, unsustainable, uneconomic

Learn strategies to divest from the Alberta oil sands, and reinvest in an environmentally friendly way: all while getting a good return on your investments.

On the 17th of June 2019, the Canadian Government declared a climate emergency.
How we deal with this emergency is up to all Canadians, not only our Government.

What are the Alberta Oil Sands? Find out more.

Learn why divesting from oil sands is economically sensible: read the economic case.

Strategic approaches to divestment for investors and fund managers.

Is divestment right for you? Read reports, research & case studies.

Campaigns:

Keep up to date with campaigns that focus on divestment from the oil sands.

Divestment Timeline:

Find a growing list of major financial institutions that have divested from oil sands or the fossil fuel industry entirely.

Case Studies:

If you have divested, or have thoughts about divestment, please tell us about your experience.

LATEST NEWS

A fine line’: Canada’s big banks have long stood by the oilpatch, but ESG pressures are changing things

This article was written by Barbara Shecter and originally published in the Financial Post on August 22, 2022. If you want to understand the sway Canada’s energy sector has historically held over the country’s big banks, you need only look back a few years to a controversy stirred up when Canadian Imperial Bank of Commerce…

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Private Equity Should Take the Lead in Sustainability

This article was written by Robert G. Eccles, Vinay Shandal, David Young, and Benedicte Montogomery and originally published in Harvard Business Review in the July – August 2022 magazine. Despite their reputation in the 1980s as corporate raiders, most private-equity firms attempt to improve the performance of their portfolio companies through better corporate governance. Historically their business…

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Health pensions must divest of fossil fuels

This article was written by Mike Apostol, Travis Frampton, Mike Kurz, and Magdalene Winterhoff and originally published in The Hamilton Spectator on July 7, 2022. Recently, 130 Australian health-care workers noisily walked away from their pension plan. Why would health-care workers walk away from a valuable retirement savings scheme? Because their pension fund, HESTA, still has billions…

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Report Release: IEA on World Energy Employment

Check out IEA’s most recent report on world energy employment: https://www.iea.org/reports/world-energy-employment/overview#abstract

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Report Release: IEEFA on Carbon Capture

Checked out the IEEFA’s recent report written by Bruce Robertson on carbon capture: https://ieefa.org/resources/carbon-capture-ccs-ccus-ccu?_hsmi=226316057&_hsenc=p2ANqtz-8Jmcc78a9nTgLW2lPdsYjfK52kCAd38FxxsJxJM6ppV_1FAEzZ3yJ-UOd1nfoO7zLzbwyqCgTAk59scdxu42r1XBqwug

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WHO, 192 Global Health Associations Back Fossil Fuel Phaseout

This article was initially published in The Energy Mix on September 15, 2022. The World Health Organization and nearly 200 global health associations have endorsed the Fossil Fuel Non-Proliferation Treaty (FFNPT), calling for an end to new fossil infrastructure and a “fair and equitable” phaseout of existing production. “The modern addiction to fossil fuels is…

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#TBT: Queen Elizabeth’s Banker Dumps Extreme Fossil Investments

This article was originally published in The Energy Mix on September 11, 2022. June 28, 2020: Coutts, the private banker to Queen Elizabeth II and the rest of the British royal family, has promised to drop its investments in the tar sands/oil sands, Arctic oil and gas exploration, and thermal coal extraction and generation, and to…

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BHP: ‘Future facing’ commodities have more shareholder value than fossil fuels

This article was written by Anthony Barich and originally published in the IEEFA on September 9, 2022. BHP Group Ltd. sees better margins in “future-facing” commodities than the fossil fuel businesses, and “the divestment of our petroleum business and some of our smaller coal assets wasn’t for the purposes of decarbonization. This was all about…

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Floods, droughts, storms will cost Canadian economy $139B in next 30 years, report says

This article was originally published by The Canadian Press in CBC on August 29, 2022. Floods, droughts and major storms that wash out highways, damage buildings and affect power grids could cost Canada’s economy $139 billion over the next 30 years, a new climate-based analysis predicts. The report, titled Aquanomics, was published Monday by GHD, a…

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Carbon capture has a long history. Of failure.

This article was written on September 2, 2022, by Bruce Robertson and originally published in the Institute for Energy Economics and Financial Analysis. Carbon capture and storage is an old technology, first commercialized in the 1970s. Back then it was called enhanced oil recovery, because the carbon dioxide recovered from oil and gas production was…

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