Stand.earth Profile picture
May 11, 2020 7 tweets 4 min read Read on X
1/6 BREAKING: Our new report with @envirodefence @equiterre reveals 70% of Alberta’s oil sands are foreign-owned, but Canadian taxpayers are still paying giant subsidies to keep the industry afloat: bit.ly/who-benefits-o… #abpoli #cdnpoli Image
2/6 We’ll say it again for the people in the back: Foreign funders were hiding right in @jkenney backyard all along! The Big 5 companies transferred $8B in profits in 2019 to their mostly foreign shareholders, while government subsidies have increased in the past 5 yrs.
3/6 It’s outrageous that @JustinTrudeau @ Bill_Morneau are still considering bailing out foreign-owned oil companies with Canadian tax dollars, when these same companies send the majority of their profits overseas - and employ a tiny fraction of the Canadian workforce.
4/6 Pre #covid19, Canada’s oil industry was already struggling. 53,000 tar sands jobs were lost in the past 5 years. But CEOs still received massive pay rises. These jobs are likely not coming back. Fortunately, almost 80% of Albertans support the transition to #renewableenergy
5/6 Cleaning up the mess left behind by the oil sands industry could cost $260B and take up to *3000 years* (no that’s not a typo) to complete. So the majority of profits are leaving the country, but the abandoned wells and leaky tailing ponds? Those aren’t going anywhere.
6/6 It’s time to stop prioritizing the profits of foreign-owned corporations & the interests of their shareholders ahead of the long-term health of Canada’s workforce, environment and economy. Share this report with the govt: bit.ly/3bb1pfX #aboli #cdnpoli #justrecovery
Read our press release: stand.earth/latest/Canada-…

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More from @standearth

Dec 14, 2022
BREAKING: @HSBC just announced that it will stop financing any new oil and gas fields! This is HUGE.

Now @RBC should follow its lead, stop financing fossil fuels, and #DefundClimateChaos 🧵 Image
@HSBC @RBC @decolonialsol @350Canada @CANRacCanada @leadnowca @GreenpeaceCA @Tzeporah @Indigenous_ca @ecojustice_ca @Gidimten HSBC is the first of the major global banks to announce this phaseout. Now, all the other banks can see that it's possible to choose to stop funding new fossil fuel fields.

There's no excuse for other major fossil fuel financiers like @RBC
It's not a shock that HSBC exempted HSBC Canada from this new policy – because it's being purchased by RBC.

Instead of trying to halt progress, @RBC can do the right thing and stop financing new oil and gas fields too.

HSBC proved it's possible, it's time for RBC to do it.
Read 6 tweets
Nov 7, 2022
.@RBC has invested more than 9.22 billion dollars in fossil fuels since joining the Glasgow Financial Alliance for Net Zero (GFANZ)

Net zero means no new fossil fuel investments. 1/ 🧵
stand.earth/resources/roya…
@RBC .@RBC 's 9.22 Billion in fossil fuel investments since Oct 2021 would cover 25% of disaster relief costs in Pakistan, as millions recover from devastating flooding.
Instead of investing in climate devastation & displacement, RBC could support communities impacted by fossil fuels.
@RBC In 2022, RBC has lent and underwrote 7.05 billion dollars in fossil fuels.

This is happening while RBC continues to greenwash and claim that it is committed to climate action.
Read 6 tweets
Jun 1, 2022
1/ @TotalEnergies' East African Crude Oil Pipeline is corporate colonialism in action.

We're unraveling the financial web of the world’s largest proposed pipeline. It's time to #StopEACOP & invest in a climate-safe future.

🧵 Who's banking on EACOP? ⬇️ bit.ly/CSPNCasestudy
2/ Canada’s #1 fossil fuel bank is bankrolling the EACOP pipeline – threatening drinking water of 40 million AND worsening the climate emergency.

We don’t have time for fossil fools: tell @RBC to stop investing in climate chaos now ⬇️
#RBCIsKillingMe #cdnpoli Text reading RBC has $25282...
3/ Just 15 U.S. pensions are heavily invested in @TotalEnergies & @CNOOCUgandaLt to the tune of $1 billion.

Urge pensions to live up to their fiduciary duty pensions must #divest for a climate safe future.
@ClimatePensions
👉🏽act.stand.earth/page/41388/act… text reading "US pensi...
Read 7 tweets
Jun 1, 2022
HAPPENING NOW: New report on "Resisting Corporate Colonialism" unravels the financial web behind EACOP.

Report: stand.earth/press-release/…

Tune into the livestream w/ leaders around the world to #StopEACOP & follow along with our live-tweeting!

JOIN NOW: facebook.com/24425009773032…
.@AmyG_Standearth kicks-off grounding us in how @TotalEnergies' EACOP risks harming the lives & livelihoods of millions.

"This is not just a climate issue. This is a climate justice issue." 👏🏾👏🏾👏🏾
While @TotalEnergies & those attempting to push through EACOP claim it will benefit local communities, a majority of the fossil oil of the world's largest proposed pipeline would be for export.😡

#greenwashing #StopEACOP
Read 16 tweets
Sep 28, 2021
‼️ BC judge denies application to extend injunction at Fairy Creek ‼️

Amazing news for all the forest defenders who continue to stand for old growth and for justice at Ada’itsx @SaveFairyCreek 👏 #FairyCreek #bcpoli cbc.ca/news/canada/br…
In his ruling, Justice Thompson says “methods of enforcement of the court's order have led to serious and substantial infringement of civil liberties, including impairment of the freedom of the press to a marked degree” #FairyCreek
Of forest defenders, the Justice says: “They are respectful, intelligent, and peaceable by nature. They are good citizens in the important sense that they care intensely about the common good” 👏💯 #FairyCreek bccourts.ca/jdb-txt/sc/21/…
Read 5 tweets
Sep 25, 2020
Ever heard that Liquefied Natural Gas (LNG) is a climate-friendly fuel? Well, you’ve been sold a lie. LNG, made up of methane, is one of the fastest growing threats to our climate. RT to expose the truth about #LNG. #bcpoli #cdnpoli
Didn't think we'd need to say this, but the responses we're getting on this tweet really prove our point: the fossil fuel industry has done a great job convincing the public that "natural gas" is good. It's not. Read more here: vox.com/energy-and-env…
In B.C., methane emissions amounted to an estimated 8.8 million tonnes of carbon dioxide equivalent in 2017, according to the Ministry of Environment and Climate Change Strategy. That’s equal to 1,724,724 vehicles on the road for one year. Read more: thenarwhal.ca/climate-change…
Read 4 tweets

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