We're producing so much oil sands crude that we've overwhelmed cross-border pipeline capacity. Now the industry is stuck in a Catch-22. Profit margins have dropped dramatically. To reassure investors, bitumen miners talk about dramatically expanding production. But the more we produce, the more we exacerbate the supply glut.
The U.S. State Department said Keystone XL would actually be better from a climate perspective than the alternatives. While there is a logic to this line of argument it rests on an illogical assumption. That assumption is that ongoing development of the conventional fossil fuel sector is inevitable. It is not.
This week, the U.S. State Department gave the Keystone XL pipeline an environmental thumbs up. In its latest report on the project, the department stated that Keystone wouldn't have a significant environmental impact and wouldn't create unacceptable levels of greenhouse gases. So how much longer can Obama stall before making a decision? Can he ignore the 42,000 jobs and $3.4-billion the report suggests Keystone would bring to the U.S. economy? Probably yes. Any decision Obama makes will inevitably alienate part of his constituency, either environmentalists or unionists, so he has an interest in putting it off as long as possible.
With your help, we'll produce and distribute a provocative film that will go beyond the issues, to the very DNA of change, and encourage constructive discussion across all points of view. It's the only way we're going to find the innovative solutions we so badly need. This is an amazing moment. KeystoneXL pipeline, Enbridge's proposed pipeline, and Kinder Morgan's pipeline expansion, hang in the balance.
Like Mr. Mulcair, Dr. Jaccard has gone down to Washington to try to shame Canada into walking away from a prospective source of prosperity and employment for the people of Canada. He does his country no service tossing around overheated rhetoric which only arms Canada's competitors and critics against her best interests.
At first glance Harper looks very much the accountant he was trained to be: dull and lacking in passion. But don't be fooled, he has a determined even subversive vision for the country. Harper is bound to American style conservatism, yet his battles are not fought in the open. As a new book illustrates, Stephen Harper's path is a subtler one.
Over the years, the environmental movement has written hundreds and hundreds of reports and had thousands of meetings with decision makers, and while these things remain important, what we really need is people power. We need decision-makers to realize that Canadians want climate change to be taken seriously for a clean energy future.
In addition to the Keystone XL which would increase total capacity of the pipeline to 1.1 million barrels of diluted bitumen per day, Enbridge filed plans to Monday to build the $2.6B Sandpiper pipeline project across northern Minnesota. If approved, the project will move 225,000 barrels per day of unconventional oil to Minnesota, and 375,000 barrels to Wisconsin.
Just this morning, BC Premier Christy Clark and Alberta Premier Allison Redford have announced that they have penned a deal to ram a pipeline from Nor...
So much for Premier Wynne's meaningless promise to ensure environmental protections are in place for Line 9. So much for the Premier's promise to ensure First Nations' concerns are addressed. The Premier has thrown Ontario's environment, water and communities under the big oil bus.
Could rail realistically provide an alternative to the Keystone XL, aiding in the expansion of Canada's highly-polluting tar sands? The Keystone XL will undoubtedly support tar sands production, promote continued tar sands investment, and contribute to Canada's already-significant greenhouse gas output.
Mother Nature seems to be a little out of sorts these days. In excruciating detail, the IPCC documents her unhappiness with anthropogenic (a.k.a. man-made) activity. She is even giving some early warnings directly to the PM and his Minister of the Environment. Mother Nature is not impressed and neither are Canadians.
The Pipeline Bogeyman is the New Baby Seal Hunt -- a cause celebre for environmentalists and their fellow travelers as varied as meddling movie stars or Middle Eastern oil sheikhdoms that finance anti-development, anti-fracking, anti-oil sands efforts.My favourite example of the hidden and cynical geopolitical forces aimed at stifling Canada's economic development was the cinematic flop against natural gas fracking called "Promised Land" starring Matt Damon and financed by Abu Dhabi, the world's third biggest oil exporter.
The hotel bill for the luxurious New York Palace Hotel suggests Harper's speaking engagement was a staged promotional gathering for the Keystone XL, rather that a typical guest speaker event which is usually paid for by the host.The hotel charges include coffee services for $6,650.00, room rental for $33,500.00 and audio visual services of $14,709.15.
Harper should be commended for speaking truthfully to Obama and the US, that Canada's oil and gas industry is critical to Canada's future prosperity. And that Harper will continue to fight to transport Alberta oil to the US regardless whether Obama rejects Keystone. In a few years, Harper will still be prime minister. Obama will have faded into history.
As almost everyone knows by now, Canada has some interesting challenges looming when it comes to transporting increasing oil production to markets both inside and outside of Canada. What many Canadians might not realize is how important oil exports are to Canada's economy, and how these exports may have become a crutch.