Enbridge : durabilité, sables bitumineux et violations de droits

Reclaim Finance criticizes Enbridge for securing a $1 billion sustainability-linked credit facility while continuing to invest heavily in fossil fuels and the Line 3 pipeline. The organization contends that Enbridge's ESG goals are insufficient as they only cover scope 1 and 2 emissions, ignoring the vast majority of the carbon footprint associated with oil sands transport. The document highlights that the Line 3 project in Minnesota violates indigenous rights and significantly increases greenhouse gas emissions, calling for stricter financial regulations to prevent such greenwashing.

• In February 2021, Enbridge obtained a three-year, $1.0 billion sustainability-linked credit facility from five major financial institutions: CIBC, Bank of Nova Scotia, BMO Capital Markets, RBC Capital Markets, and TD Securities. These institutions were also Enbridge's five largest funders between 2016 and 2020, providing $48.45 billion, including $9.11 billion in 2020 alone.
• Enbridge's ESG targets, which include reducing GHG emission intensity by 35% by 2030 and achieving carbon neutrality by 2050, are criticized as misleading because they only apply to scope 1 and 2 emissions. This covers less than 2% of the life-cycle carbon intensity of oil sands petroleum and excludes the emissions from the products sold and network transmission losses.
• Despite its sustainability claims, Enbridge's growth strategy remains focused on fossil fuels; 97% of its 2019 investments were dedicated to oil and gas, and these energies represented 82% of estimated total expenditures for 2020 projects.
• The Line 3 pipeline project in Minnesota, which transports oil sands petroleum to Wisconsin, is described as an environmental and human rights disaster. It is estimated to release 193 million additional tonnes of GHG per year and is alleged by Honor The Earth to violate the treaty rights of the Anishinaabeg.

APA

admin (2021). Enbridge : durabilité, sables bitumineux et violations de droits. Reclaim Finance. https://reclaimfinance.org/site/2021/03/10/enbridge-durabilite-sables-bitumineux-violations-de-droits/

Chicago

admin. Enbridge : durabilité, sables bitumineux et violations de droits. Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/03/10/enbridge-durabilite-sables-bitumineux-violations-de-droits/.

Wikipedia

{{cite press release |last1=admin |title=Enbridge : durabilité, sables bitumineux et violations de droits |publisher=Reclaim Finance |date=10 March 2021 |url=https://reclaimfinance.org/site/2021/03/10/enbridge-durabilite-sables-bitumineux-violations-de-droits/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2021enbridge, author = {admin}, title = {{Enbridge : durabilité, sables bitumineux et violations de droits}}, publisher = {Reclaim Finance}, year = {2021}, month = mar, url = {https://reclaimfinance.org/site/2021/03/10/enbridge-durabilite-sables-bitumineux-violations-de-droits/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }