Meet some of the fossil fuel companies who may be benefitting from your subsidies.

1. Where Do Your
Subsidy Dollars Go?
Meet a few of the fossil fuel companies
who may be benefitting from your subsidies…

2. TRANSCANADA (parent company of the Keystone XL pipeline)
2011 REPORTED PROFIT: $1.6 Billion1

3. Transcanada is a major North
American energy company based in
Alberta, Canada.
Its pipeline network includes
approximately 36,661 miles of pipeline
and connects with virtually all major
gas supply basins on the continent.
Since it began operations in 2010,
Transcanada’s Keystone 1 pipeline
has suffered more spills than any other
1st year pipeline in US history2.

4. Transcanada is most well-known as
the owner/operator of the Keystone
XL, a proposed pipeline that would
carry Canadian oil sands bitumen
across the United States to the Gulf of
Mexico.
Though its original application was
denied in early 2012, a new
application was submitted in late
June.
A decision is pending.

5. ENBRIDGE
2011 REPORTED PROFIT: $991 Million3

6. Enbridge operates the world's longest
crude oil pipeline system, located in
both Canada and the USA.
A ruptured Enbridge pipeline spilled
what the company estimated to be
843,000 million gallons of undiluted
Canadian oil sands bitumen into
Michigan’s Kalamazoo river on July
26, 20104.
To date, the equivalent of 1.1 million
gallons of oil has been recovered
from the spill site5, and cleanup is still
ongoing.

7. As of 2012, Enbridge has two
additional oil sands pipeline projects
pending:
The Eastern Access, which would
transport shale oil from North Dakota
to Montreal, Canada;
And the Northern Gateway, which
would transport bitumen through
British Columbia’s Great Bear
rainforest to the Pacific coast.

8. ROYAL DUTCH SHELL
2011 REPORTED PROFIT: $31 Billion6

9. With operations in more than 90
countries, Royal Dutch Shell is one of
the six largest oil and gas companies
in the world, and the second-largest
company on the planet by 2011
revenues7.
Shell was responsible for the largest
oil spill ever in freshwater when one of
its tankers collided with another off
the coast of Magdelena, Argentina in
19998.

10. In 2004, Shell was found guilty of
overstating its oil reserves and ordered
to pay shareholders a settlement of
$450 Million dollars9 .
Last week Shell was ordered to pay $5
Billion to the Nigerian government for
a December 2011 offshore spill10. They
are contesting the fine.
The company is currently expanding
its offshore drilling operations in the
Arctic11.

11. KINDER MORGAN
2011 REPORTED PROFIT: $1 Billion12

12. Kinder Morgan is the fourth largest
energy company (based on
combined enterprise value) in North
America13.
It owns an interest in, or operates,
approximately 75,000 miles of
pipelines.
This includes the Trans Mountain
pipeline, the only oil sands-carrying
pipeline serving the Pacific Northwest
via the Port of Vancouver.

13. On July 24, 2007, Kinder Morgan’s
Trans Mountain pipeline ruptured,
spraying 234,000 liters of crude oil into
a residential neighborhood and
ocean inlet in suburban Vancouver14.
In April 2012, Kinder Morgan
announced its plans for a ‘twinned’
pipeline to the Trans Mountain to
increase its export capacity from
350,000 barrels per day to 800,00015.

14. TAKE ACTION
Learn about the Summer of Solidarity
and ongoing protests against
Transcanada’s Keystone XL pipeline.
Stand in solidarity with victims of
Enbridge’s oil spill in the Kalamazoo
river.
Pledge to protect the Arctic from
Shell’s drilling with Greenpeace’s
‘Save the Arctic’ petition
Sign the ‘No Tankers’ petition and
prevent Kinder Morgan from
exporting oil sands crude through
Pacific Northwest waterways.
And…

15. Join more than 1 million people worldwide
calling for governments to eliminate subsidies
for fossil fuel companies.
www.postcarbon.org/breakup

16. SOURCES
1. http://www.transcanada.com/5942.html 9. http://www.nytimes.com/2007/04/12/busines
s/12shell.html
2. http://www.huffingtonpost.com/2011/08/29/
keystone-pipeline-infographic_n_941069.html 10. http://www.google.com/hostednews/afp/ar
ticle/ALeqM5jNF1eYjcYxyTJNPSW_Epnnx65pE
w?docId=CNG.e5499dc0b1888fbc0749a2ce
3. http://www.enbridge.com/InvestorRelations/ d9e6f220.5b1
FinancialInformation.aspx
11. http://www.shell.com/home/content/future_
4. http://greatlakesecho.org/2012/06/19/michi energy/meeting_demand/arctic/
gans-kalamazoo-river-oil-spill-far-larger-than-
official-estimates-evidence-shows/
12. http://www.google.ca/finance?q=NYSE:KMI
&fstype=ii
5. http://www.epa.gov/enbridgespill/
13. http://www.kindermorgan.com/
6. http://www.google.ca/finance?q=NYSE:RDS.
A&fstype=ii
14. http://www.cbc.ca/news/canada/british-
columbia/story/2007/07/24/bc-oilspill.html
7. http://en.wikipedia.org/wiki/List_of_compani
es_by_revenue
15. http://www.globaltvbc.com/kinder%20morg
an%20to%20proceed%20with%205-
8. http://www.bnamericas.com/news/oilandg billion%20trans%20mountain%20pipeline%20e
as/Court_rules_Shell_must_spend_US*35mn_o xpansion%20to%20burnaby/6442620031/story
n_Magdalena_clean-up .html