Banks and insurers shun Canada’s oil sands

[mentalfloss]

It was nice knowing ya, Alberta.


Banks and insurers shun Canada’s oil sands

- ING Group in June 2017 updated its policy barring transactions directly linked to mining, exploration and transportation and processing of oil sands
- BNP Paribas in October 2017 said it would not finance Arctic, tar sands, shale oil or shale gas projects
- Insurer Axa SA in December 2017 said it would phase out coverage of oil sands businesses
- HSBC in April 2018 said it would no longer provide project finance for new oil sands projects, including pipelines

.. And more goodness here..

https://boereport.com/2020/10/14/banks-and-insurers-shun-canadas-oil-sands/amp/

 

[Jinentonix]

It was nice knowing ya, Alberta.


Banks and insurers shun Canada’s oil sands

- ING Group in June 2017 updated its policy barring transactions directly linked to mining, exploration and transportation and processing of oil sands
- BNP Paribas in October 2017 said it would not finance Arctic, tar sands, shale oil or shale gas projects
- Insurer Axa SA in December 2017 said it would phase out coverage of oil sands businesses
- HSBC in April 2018 said it would no longer provide project finance for new oil sands projects, including pipelines

.. And more goodness here..

I bet you're just beating your meat like it owes you money over all the future job losses. Typical leftist garbage head. Always happy when others suffer.

 

[captain morgan]

The groups shunning shale and oilsands are doing their own little bit of virtue signaling.

When the price of a bbl gets above $55, they will be back in

 

[DaSleeper]

He's just blowing smoke...
He doesn't have an electric car yet!
still riding on gasoline power!

Typical leftard......can't practice what he preaches

 

[Hoid]

Also investors are looking to divest from oil sands and coal and other real or imagined polluters.

Fund managers are under big pressure to get out and stay out.