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

Asia’s lower LNG demand in 2022 highlights challenges for industry growth

This article was written by Sam Reynolds and originally published on January 11, 2023, by the IEEFA. For years, the liquefied natural gas (LNG) industry has assumed that Asia would be a reliable, rapidly growing customer. But a turbulent year in global gas markets has called this assumption into question. Europe’s push to replace Russian…

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Danske Bank Quits New Fossil Fuel Financing

This article was written by Mitchell Beer and originally published in The Energy Mix on January 23, 2023. Denmark’s biggest bank has declared an end to fossil fuel financing, after concluding that 99.9% of its carbon footprint comes from financed emissions. Danske Bank supports “an orderly transition to low-carbon economies and will, for that reason,…

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HSBC to end funding for new oil and gas fields

This article was written by Esme Stallard and originally published by BBC on December 14, 2022. HSBC has announced it will stop financing new oil and gas fields, as part of its efforts to drive down global greenhouse gas emissions. Environment groups said the move sends “a strong signal” to fossil fuel giants that investment…

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Danske Bank Position on Fossil Fuels

Danske Bank, a Danish banking company recently published a statement outlining its position on fossil fuel investments. To read this statement, click here.

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Europe’s Biggest Pension Fund Issues ESG Warning to Banks

This article was written by Frances Schwartzkopff and initially published in Bloomberg on January 23, 2023. One of Europe’s biggest investors is putting banks on notice and may start exiting the sector unless it sees proof that claims of portfolio decarbonization are matched by action. “The financial sector has really lagged,” said Dominique Dijkhuis, a member…

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NYC Comptroller Lander and City Pension Funds Call on Major U.S. and Canadian Banks to Set Absolute GHG Emissions Targets for High Emitting Sectors

This statement was originally published by the New York City Comptroller on January 24, 2023. New York, NY – Today, New York City Comptroller Brad Lander and three of the New York City Retirement Systems (the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System) announced shareholder proposals at Bank of America, Goldman…

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Oilsands Won’t Meet 2030 Emissions Cap Before 2035

This article was originally published in the Energy Mix on January 5th, 2023. With investors elsewhere turning up the heat on fossil companies to declare firm climate goals for the end of this decade, the Pathways Alliance is admitting it won’t likely comply with its 2030 emissions cap until 2035 at the earliest. In London,…

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Canada’s largest pension plans ramp up investing in offshore wind projects

This article was written by James Bradshaw and originally published in The Globe and Mail on December 30th, 2023. One of the next frontiers for clean energy that is attracting investment dollars from Canada’s largest pension plans is just out of sight to the naked eye onshore, in an expanse of ocean water 32 kilometres…

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Huge opportunities and huge threats loom for US clean energy in 2023

This article was written by Jeff St. John and originally published in Canary Media on January 2, 2023. It was the best of times, it was the worst of times. Observers of U.S. clean energy markets might be feeling like they’re trapped in a Dickens remake: A Tale of Two Diverging Market Trends. Never have the long-term prospects…

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Why Canada Needs to Plan for a Steep Decline in Global Oil Demand

This piece was written by Aaron Cosbey and originally published in the International Institute for Sustainable Development on September 16, 2022. Summary International Energy Agency scenarios project a decline in oil demand globally as climate policies intensify. Canada’s own energy body, the Canada Energy Regulator, shows a projected decline in Canadian production. Decline in oil…

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