Is this the beginning of the end for the tar sands juggernaut?
Articles: Canadian tar sands (6)
Using the assessment of the Bank of Canada, production of affordable oil at price levels up to $75 has peaked or is at peak since the turning point of 2005. This means that the global economy cannot grow “normally” again.
Without KXL, tar sands are a bad investment. By fighting the pipeline, activists have disrupted the industry’s bottom line.
The Alberta Energy Regulator is 100 per cent funded by industry.
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“We don’t want the unconventional fuel industry to gain a foothold on the Colorado Plateau,” said Taylor McKinnon of Grand Canyon Trust. “The U.S. unconventional fuel carbon bomb is bigger than Alberta’s."