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Cumulative financing of tar sands companies worldwide 2016-2019

TD financed tar sands companies to the tune of 22.51 billion U.S. dollars between 2016 and 2019. Tar sands are also known as oil sands, and are used to produce gasoline and other petroleum products. Companies involved in tar sands production received 21.78 billion U.S. dollars in financing from another Canadian bank, RBC, within the same period.

Cumulative financing of tar sands companies by selected banks worldwide from 2016 to 2019

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Release date

March 2020



Survey time period

2016 to 2019

Supplementary notes

Bank financing for 30 leading tar sands production companies and five leading tar sands pipeline companies were analyzed by the source.

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