How the Keystone XL Decision is Neither “Irrelevant” Nor “Just Symbolic”
Why Obama's Keystone decision matters for the climate
Read the latest insights and analysis from the experts at Oil Change International.
Why Obama's Keystone decision matters for the climate
Yesterday, after months of painstaking work, Oil Change International launched a report entitled “Lockdown – the end of growth of the tar sands”.
Canadian premiers are meeting this week to discuss the so-called Canadian Energy Strategy – an effort by Canadian provinces and territories to come up with a united front on energy in Canada.
When oil prices crashed late last year, the high-cost and capital intensive tar sands sector took a hit. The industry had already been showing signs of weakness with underperforming stocks, project cancellations, and serious concerns about market access. But low oil prices have driven a whole new level of cost cutting and project delays.
The tar sands campaign is also poised to have a very real and measurable impact on carbon pollution as well as the tar sands industry’s bottom line.
Enbridge is side-stepping environmental regulations and corporate taxes in attempts to increase Canadian tar sands exports through the United States.
We can’t go South, we can’t go West, we can’t go East, so, hey, lets’ go North”. That is the latest thinking of the Canadians in their increasingly desperate attempts to export the dirty, carbon intensive tar sands from Alberta.