Read the latest insights and analysis from the experts at Oil Change International.
On Sunday, Kinder Morgan sent shock waves across Canada and the oil industry when it announced it was “suspending all non-essential activities and related spending on the Trans Mountain Expansion Project”, until at least the end of May.
As local opposition against the highly controversial Trans Mountain pipeline in Canada continues to grow, pipeline construction passed another legal hurdle after the federal Court of Appeal ruled against the government of British Colombia’s latest legal challenge.
Just because you get older, it doesn’t mean you cannot stop taking action for what you believe in. And yesterday was a case in point. Two seventy year olds, still putting their bodies on the line for environmental justice and indigenous rights.
The campaign against the controversial Kinder Morgan pipeline escalated yesterday when Indigenous leaders from across Canada and the United States came together to inaugurate Kwekwecnewtxw - “the place to watch from” - whilst others started building a traditional Coast Salish “Watch House” near the pipeline route.
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.
Who will clean up the mess if oil companies go bust as the whole fossil fuel industry goes from a downcycle into a potential “death spiral”?
In a dramatic turn of events, it looks like all bust and no more boom for the Alberta tar sands, according to our recent analysis based on industry data. In reality, future rates of production will likely be insufficient to fill even one new pipeline.
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.
