Read the latest insights and analysis from the experts at Oil Change International.
"The fund management sector recognises the imminent risks posed to fossil fuel investments from climate change and the transition toward a zero-carbon economy”
As Big Oil’s new poster boy, Canadian Prime Minister, Justin Trudeau, scrabbles around for investors for Kinder Morgan’s Trans Mountain pipeline, extra finance may not be enough to save the controversial pipeline.
An energy lobby group has published its vision of the future that they hope everyone can embrace. Promising to deliver “global climate leadership”, they conclude “We can be the world’s energy of tomorrow”.
There is an escalating tension in Canada between the Albertan and British Columbian (B.C) Governments over the disputed Kinder Morgan Trans Mountain Pipeline, which is due to transport tar sands from Alberta to the B.C Coast.
Although Canada’s controversial tar sands industry celebrated a small increase in production last year, this year’s forecast is looking gloomy, as investors continue to take flight over the climate risks and the relatively low oil price means that other oil patches look more profitable.
As millions celebrate Thanksgiving, the bosses at TransCanada will not be in a cheerful, festive mood. They will be wondering what went wrong over the last week, after they seem to have snatched defeat from the jaws of victory.
"Today was a victory for everyone working to stop Keystone XL. TransCanada did not get their preferred route which means years of new review and legal challenges are now on the table"
With public hearings beginning today in Lincoln, Nebraska, we look at why the Nebraska PSC should be considering whether the pipeline is really needed.
The oil industry's own data shows that the tar sands are on the edge of decline – but the key question is if they will take everyone else down with them.
