The oilsands have accumulated vast volumes of toxic mining fluids (1.4 billion litres or more than 540,000 Olympic sized pools) in the world’s third largest watershed under the watch of a captive regulator and an industry-dominated oilsands monitoring program.
The abrupt decision by Teck Resources to withdraw its application for the Frontier bitumen mine project reveals a truth that politicians like Jason Kenney and other industry boosters continue to deny — that investing large sums of money in Canada’s oilsands no longer makes any financial sense.
From a climate and economic perspective, Canada clearly needs a different plan than expanding oil and gas. Such a plan means standing up to the oil industry’s unrelenting lobby and recognizing the oil sands, which already produce 2.91m barrels a day and climbing, are more than big enough.
“We doubled production and got $9.5 billion less in royalties,” said Hughes. “We are not getting anything for the resource, and its production is having a huge impact on our GHG [greenhouse gas] emissions.” “Obviously we have to ramp production down, and we have to ramp down personal oil consumption.”
The Alberta government has known for more than a decade that its oilsands policies were setting the stage for today’s price crisis. Which makes it hard to take the current government seriously when it tries to blame everyone from environmentalists to other provinces for what is a self-inflicted economic problem.
The debate about the Federal Court of Appeal decision that killed the approval for the Trans Mountain $7.4-billion pipeline expansion speaks volumes about the oily state of Canadian politics.
For over 500 years native peoples in the Americas have fought for their homes against people from far away lands. Now, in Alberta, Canada, they are fighting against a gooey, black substance that sits underground: the oil sands.
Economists, an irrational tribe of short-sighted mathematicians, are now calling Canada’s declining economic fortunes "a perfect storm."
If the U.S. government fails to approve the Keystone XL pipeline soon or rejects it outright, the Canadians may challenge the delay or rejection under the provisions of NAFTA. This move opens up a politically attractive option not previously available to the Obama administration.
The Alberta energy regulator has suspended the fastest-growing source of bitumen production around Fort McMurray due to concerns about fracturing the region’s cap rock.
Nebraska landowners opposing the Keystone XL tar sands oil pipeline scored a major victory in court today—one that could significantly delay the $5 billion project by at least temporarily blocking its construction through the Cornhusker state.
There is an abandoned house in Alberta, Canada, where Alain Labrecque used to live.