Tar Sands
Investing in Addiction to Oil
International banks and investors are pouring billions of dollars into expansion of the Canadian tar sands, the dirtiest and most desperate attempt yet to profit from and prolong our crippling addiction to oil.
RAN's Work on Tar Sands
More Information
- Report: Financing Global Warming: Canadian Banks and Fossil Fuels
Canadian Banks and Fossil Fuels - Financing Global Warming: Canadian Banks and Fossil Fuels
A report on the financial commitments made by Canada’s five biggest banks—RBC, TD Bank, Scotiabank, CIBC and BMO—to fossil fuel production, namely oil, gas and coal operations. - Low Carbon Fuel Standard Fact Sheet
Factsheet on California’s low carbon fuel standard and the oil companies trying to kill it. - Tarsands Factsheet
Overview factsheet about the problem with the Tarsands - RBC's Blue Water Problem
7 page report detailing the RBC's financing in the tar sands and its impact on water quality.
Tell Royal Bank of Canada to Stop Financing the Tar Sands
Send a letter to Gordon Nixon today asking him to end RBC's financing of the tar sands.
Press Releases
- More than 150 People Call on RBC to End Tar Sands Financing at Shareholder Meeting
March 3, 2010 - Rainforest Action Network Releases Seventy-Foot Banner Over Niagara Falls to 'Welcome' Prime Minister Harper to the U.S.
September 15, 2009 - Unlikely Appeal to RBC First Lady, Mrs. Janet Nixon, Highlights Bank’s Involvement in Tar Sands
July 28, 2009 - California’s Low Carbon Fuels Standard Could Impact Tar Sands Imports
April 21, 2009 - Protests at RBC Shareholder Meeting Highlight Poor Record on Water, Tar Sands
February 26, 2009
In the News
- Banks Make a Shift Toward Greener Lending
August 31, 2010 — New York Times - RBS under pressure as oil funding scrutinised
April 28, 2010 — Morning Star Online - Aboriginal Groups Chastise Royal Bank Canada For Oil-Sands Role
March 3, 2010 — Wall Street Journal