News just broke that Kinder Morgan is short on cash, and desperately looking for investors to back their Trans Mountain project. 1
The full list of investors Kinder Morgan is talking to is a secret, but they’re almost certainly pitching Canada’s “big 5” banks: RBC, Scotiabank, TD, BMO and CIBC.
If your bank signs a deal with Kinder Morgan, the money in your savings account could end up financing a dirty tarsands pipeline that would violate indigenous law, increase climate pollution, and put the B.C. coast at risk of oil spills. 2
On social media, people are already pledging to take their business elsewhere if their bank invests in Kinder Morgan. 3 Banks might ignore one or two people on Facebook, but if thousands of us pledge to close our accounts if our banks invest in Kinder Morgan, we can turn supporting the pipeline into a liability that threatens their bottom line.
Kinder Morgan could be pitching their dirty pipeline to your bank right now and they’re pushing hard to close the deal as soon as possible. But urgent pressure from customers like you could scare your bank into walking away. Will you pledge to switch banks if your bank invests in Kinder Morgan?
- Exclusive: Kinder Morgan starts talks with investors for $5.2 billion Canada pipeline project. http://www.reuters.com/article/us-kinder-morgan-de-canada-financing-exc-idUSKBN15W20W ↩
- The Kinder Morgan Pipeline. http://www.greenpeace.org/canada/en/campaigns/Energy/tarsands/Kinder-Morgan-pipeline/ ↩
- Facebook Comments. https://www.facebook.com/leadnowcanada/posts/1635354579814057 ↩