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Showing posts from December, 2016

Church of Ireland has millions invested in new Kinder Morgan pipelines

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This week the Canadian prime minister approved an application from Kinder Morgan to build a new pipeline to transport oil from the tar sands of Alberta to the west coast of Canada.  Details of the operation come from raincoast.org
Kinder Morgan is a US based company who wish to expand the Trans Mountain pipeline between Edmonton and Vancouver, and then export this oil via tanker from Burrard Inlet to Asia.The existing and expanded proposal would deliver 890,000 barrels of tar sands oil per day to Vancouver. Oil storage capacity at Burnaby would triple, adding 14 new tanks to store another 3,900,000 barrels.The pipeline would cross more than 500 streams in the Fraser River watershed. Tanker visits would increase by 574% above 2010 levels to 408 oil laden tankers trips through Burrard Inlet, the Fraser estuary, the Gulf Islands, Haro Strait and Juan de Fuca Strait, every year. The Church of Ireland has its largest single investment in this company, around 2% of the total investment funds