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A sign marks the ground covering TransCanada's Keystone I pipeline outside of Steele City, Nebraska on April 21, 2012. Lucas Oleniuk / Toronto Star via Getty Images

The company behind the controversial and long-delayed Keystone XL pipeline announced it would proceed with the project Tuesday, despite concerns about the climate impacts of the pipeline and the dangers of transporting construction crews during a pandemic.

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The Canadian banks are the biggest bankers of tar sands and they all lack policies restricting their financing to this subsector. A new report reveals that the business practices of the world's major private-sector banks continue to drive us toward climate disaster. ALEXANDER JOE / AFP / Getty Images

Financial companies are increasingly being recognized — by their clients, shareholders, regulators, and the general public — as climate actors, with a responsibility to mitigate their climate impact. For the banks highlighted in this report, the last year has brought a groundswell of activism demanding banks cut their fossil fuel financing, at the same time that increasingly extreme weather events have further underscored the urgency of the climate crisis. Nevertheless, the report reveals that the business practices of the world's major private-sector banks continue to drive us toward climate disaster.

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By Jan Zuckerman

A few weeks ago, I showed the world that I am not a criminal, despite having been arrested and charged with first-degree criminal trespass. In a five to one vote, a Multnomah County, Oregon, jury refused to convict me and four fellow activists in our historic trial for blocking tar sands oil trains entering Portland.

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Greenpeace activists unfurl banners after building a wood and card 'oil pipeline' outside the Canadian High Commission, Canada House, to protest against the Trudeau government's plans to build an oil pipeline in British Colombia on April 18, 2018 in London. Chris J Ratcliffe / Getty Images

By Jessica Corbett

In an open letter to Canadian Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland, 42 Nobel laureates implored the federal government to "act with the moral clarity required" to tackle the global climate crisis and stop Teck Resources' proposed Frontier tar sands mine.

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Ken Ward cuts the chain of the Trans Mountain stop valve site in Skagit County, Washington. Climate Direct Action

The valve turners recently listed by Homeland Security as "extremists" believe their action of shutting down 15 percent of the daily U.S. oil supply on Oct. 11, 2016 was their only option of fighting the climate crisis.

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The entrance to the Kinder Morgan Westridge Marine Tanker Terminal is pictured adjacent to the Burrard Inlet in Burnaby, British Columbia on June 20, 2019. JASON REDMOND / AFP via Getty Images

The Federal Court of Appeals in Canada ruled against its First Nations tribes in a unanimous decision, allowing expansion of the controversial Trans Mountain pipeline to proceed. The expansion will triple the amount of oil flowing from the Alberta tar sands to the Pacific coast in British Columbia, as the AP reported.

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Five members of Climate Direct Action are seen before a coordinated effort to turn off valves on a pipeline in four states. Shut it Down - Climate Direct Action

Internal documents from the Department of Homeland Security reveal that non-violent demonstrators targeting the oil industry were classified as "extremists," with some organization members listed alongside known white supremacists, as The Guardian reported.

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"We are establishing air quality, water and wildlife monitoring and will continue monitoring throughout the response" to Tuesday's Keystone spill. TC Energy

By Jake Johnson

Environmentalists were outraged but not at all surprised to learn Thursday that the Keystone pipeline sprung yet another massive leak, this time spilling 383,000 gallons of crude oil in North Dakota.

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The Keystone pipeline spilled an unknown amount of crude oil across a quarter-mile area of northeastern North Dakota on Tuesday. Walsh County Emergency Management

By Jake Johnson

The Keystone pipeline spilled an unknown amount of crude oil across a quarter-mile area of northeastern North Dakota on Tuesday, the same day the Trump State Department held its sole public hearing on an environmental analysis of the widely opposed Keystone XL project.

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Indigenous leaders from Brazil and allies held a non violent direct action in NYC to show solidarity with the indigenous resistance and "Terra Livre" — the national indigenous mobilization in Brazil. Erik McGregor / Pacific Press / LightRocket / Getty Images

By Winona LaDuke

For the past seven years, the Anishinaabe people have been facing the largest tar sands pipeline project in North America. We still are. In these dying moments of the fossil fuel industry, Water Protectors stand, prepared for yet another battle for the water, wild rice and future of all. We face Enbridge, the largest pipeline company in North America, and the third largest corporation in Canada. We face it unafraid and eyes wide open, for indeed we see the future.

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Opponents of the Keystone XL and Dakota Access pipelines hold a rally at Lafayette Park next to the White House in Washington, DC, on Jan. 24, 2017. SAUL LOEB / AFP / Getty Images

By Jessica Corbett

Indigenous, environmental and landowner groups fighting to block the Keystone XL pipeline sent a letter Tuesday to the two dozen 2020 Democratic presidential primary candidates, urging them to take the "NoKXL pledge" and vow — if elected — to revoke the Trump administration's permit for the tar sands oil project.

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