RBC has a goal to lend $500 billion worth of "sustainable financing" by 2025. Now the bank is urging shareholders to reject a proposal that would stop it from including fossil fuel companies in that target.
In 2018, Frank Bibeau, a member of and attorney for the White Earth band of Anishinaabe — the largest of the six federally recognized Indigenous reservations that make up the Minnesota Chippewa Tribe — had an idea.
Canada’s largest banks have signed a new deal to pump $1.5 billion into Enbridge that will help the oil and gas company expand its pipeline network, with the vast majority of that money referred to as “sustainability linked” in the term sheets.
The Minnesota Court of Appeals on Monday affirmed a decision by state pollution regulators to issue a water quality certification for the Line 3 crude oil pipeline, the latest setback for opponents who are trying to stop the project.
The original Line 3 pipeline is responsible for the worst inland spill in U.S. history, and even before oil has begun to flow, the new pipeline has caused 28 drilling fluid spills into 12 river crossings, writes Evelyn Austin.
The Minnesota Supreme Court on Tuesday declined to hear an appeal by opponents of Enbridge Energy's Line 3 oil pipeline, letting stand a key decision by independent regulators to allow construction on the project to proceed.
The lawsuit, which was filed two weeks ago in the White Earth Band's tribal court, is the first “rights of nature” enforcement case brought in a U.S. tribal court and the second such case to be filed in any U.S. court.