This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Barnwell Industries is an integrated oil and gas company with operations spanning the full fossil fuel value chain. Its core business is the exploration and production of crude oil from the Twining oil field in Alberta, Canada. The company also operates a land investment division and has historically been involved in midstream activities related to the transportation and storage of oil and gas.
For over 65 years, the company’s primary business model has been centered on fossil fuel extraction and related services. Its recent corporate communications highlight a strategic focus on “reliable Canadian oil production” from its Alberta assets, with no announced plan to transition away from fossil fuel operations.
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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