Pembina Pipeline Corp
PBA
Energy
2
exclusion reasons
2 themes
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.
Pembina Pipeline Corporation operates an extensive network of fossil fuel transportation and storage infrastructure across North America. Its Pipelines Division provides conventional oil, heavy crude, and natural gas pipeline transportation, terminalling, and storage services in key market hubs in Canada and the United States. The company's core business is the midstream movement of fossil fuels, with over 70 years of service to the energy industry.
The company is actively expanding its fossil fuel infrastructure footprint. In December 2025, Pembina secured a 12-year agreement with natural gas producer Ovintiv for 0.5 million tonnes per annum of liquefaction capacity, supporting the Cedar LNG project. This development follows a 2022 settlement agreement related to its operations, underscoring its ongoing, material role in fossil fuel logistics. The business model is centered on essential fossil fuel infrastructure with limited near-term replaceability.
Pembina Pipeline Corp. operates an extensive network of pipelines transporting oil and natural gas liquids across North America, a business inherently linked to environmental risk. The company's infrastructure has been associated with multiple regulatory violations and spills. In November 2020, Westcoast Energy Inc., a subsidiary of Pembina, was issued an Administrative Monetary Penalty by the Canada Energy Regulator for a regulatory violation, adding to a record of non-compliance.
Pipeline construction and operation, central to Pembina's business, can cause significant ecological damage, including habitat fragmentation through forest clear-cutting and the risk of toxic contamination from spills. Academic and environmental assessments, including work by the Pembina Institute, have long documented that such pipelines can become major sources of pollution when they fail, releasing hydrocarbons that impact soil and water systems. Furthermore, Pembina has pursued projects like the Jordan Cove LNG terminal in Oregon, where it sought to use federal eminent domain authority to seize land for a pipeline, triggering legal challenges from the state and environmental groups concerned about the project's local ecological impacts.
Research Sources
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