Industry agrees: Keystone not just political
The tar sands industry lists market access as the number one threat to its future in a recent industry survey.
The tar sands industry lists market access as the number one threat to its future in a recent industry survey.
Twenty years ago the oil giant Shell was embroiled in two separate controversies, which still haunt the company to this day.
One of the great debates about fracking is whether it heralds a great new chapter in the age of oil or whether it is a small blip in the dying days of the fossil fuel era.
When legendary guitarist Jimi Hendrix wrote the song “Castles Made of Sand,” the critics argued that the sand metaphor symbolised “the temporary nature of existence” ” and “how nothing can be taken for granted”.
And so the free-fall continues. The price of Brent crude has fallen this morning below $60 a barrel for the first time since July 2009. The price of US crude is below $55.
Through public land leases, infrastructure subsidies, and some very expensive tax breaks, taxpayer money is supporting what could become one of the dirtiest, most destructive chapters in American energy history.
The International Energy Agency’s flagship annual report, the World Energy Outlook, is out today and it confirms what Keystone XL opponents have been saying all along. Building pipelines will increase tar sands production.
In his landmark speech on climate change yesterday, President Obama argued that the Keystone XL pipeline would only be built if it does not "significantly exacerbate" climate change. “Allowing the Keystone pipeline to be built requires a finding that doing...
Canada is looking to exploit a sludgy bitumen like substance, called Dolofudge, located near the tar sands. The Canadians are saying the region could contain some 500 billion barrels of Dolofudge– more than the combined recoverable reserves of Saudi Arabia...
On the same day that Peru declares a State of Emergency over oil pollution in the Amazon, the Ecuadorians offer 3 million hectares of pristine forest to the Chinese to explore for oil.