There is a “large consensus” across all published studies that developing new oil and gas fields is “incompatible” with the 1.5C target, a new report says.
A Supreme Court of Canada ruling that bankrupt oil and gas companies must clean up their abandoned wells before paying creditors might sound like good news, but it doesn’t solve a growing crisis in Western Canada’s aging oil patch.
Less than two months after the Colonial Pipeline in Shelby County, Alabama, spilled 336,000 gallons of gasoline, the same pipeline exploded, killing one and injuring at least five. The pipeline is shut once again, threatening gasoline supplies in the East and sending prices soaring.
In a detailed 10-page letter, B.C. economist Robyn Allan has warned Jim Carr, minister of Natural Resources, that the memo’s conclusions are “unreliable and yet, based on recent public statements, you have adopted them to conclude new pipelines, such as Trans Mountain’s expansion, are necessary.”
Colorado’s Front Range has been ravaged by heavy rain and flooding since last week, with 15 counties now impacted…