We are calling for a boycott of the banks financing new tar sands pipelines ― including Kinder-Morgan’s Trans-Mountain, Trans-Canada’s Keystone XL, and Enbridge’s Line 3. As with the Dakota Access Pipeline, these pipelines lack Free, Prior, and Informed Consent from all of the impacted Indigenous Nations, upheld by the United Nations Declaration on the Rights of Indigenous People. Over 150 First Nations that are party to the Treaty Alliance Against Tar Sands Expansion oppose tar sands mining at the source and throughout the pipeline route. We implore all banks to prohibit all financing for all companies with tar sands operations, as well as all finance for tar sands projects, with public reporting on implementation.
Furthermore ― given that tar sands is the most greenhouse gas intensive of fossil fuels ― the construction of these pipelines are entirely incompatible with achieving the goal of curtailing catastrophic climate change, as agreed to by 194 nations in Paris in 2015.
As such, not only shall we be boycotting these banks, but we will also be encouraging individuals, institutions and cities around the world to move towards banks that place the Earth and the people before profits.