Those in the oil industry hoping for a reprieve from the volatility of the oil price had their hopes dashed yesterday as the price of oil dropped to its lowest level in four months.
Canada
Massive Spill As Canadian Premiers Discuss Energy Strategy
Timing, they say is, everything. Canada’s Premiers are currently meeting at their annual summer gathering to discuss the so-called “Canadian Energy Strategy,” which will dictate the country’s energy strategy for years to come.
Albertans Could be “Forced” to Pay for Tar Sands Clean Up
Often the debate about the ecological and cultural impact of the Canadian tar sands focuses on the day to day: the carbon intensity of the mining operations and routine air and water pollution impacting the First Nations and other local communities.
New analysis finds 1.6 million bpd of planned tar sands expansion on life support
New analysis from Oil Change International has found that over 1.6 million barrels per day of planned expansion in tar sands production is currently delayed or on hold as industry struggles to identify a profitable path forward for 39 projects.
OCI Response to Canadian climate target announcement
One has to look no further than what is not included in these targets — the tar sands — to understand where their priorities lie.
OCI response to Alberta, Canada election results
This is a biting new reality for Big Oil in Alberta, which has been used to the government acting as its mouthpiece and cheerleader for decades.
Risky Business: tar sands investment in a carbon constrained world
When oil prices crashed late last year, the high-cost and capital intensive tar sands sector took a hit. The industry had already been showing signs of weakness with underperforming stocks, project cancellations, and serious concerns about market access. But low oil prices have driven a whole new level of cost cutting and project delays.
Alberta, the Home of the Tar Sands, Has “Increasing Income Inequality”
As the Albertan election heats up, the worsening economy – in large part caused by the plunge in oil prices – is taking centre stage in the province’s election campaign which comes to a head in early May.
TransCanada’s Other Massive Pipeline Plan
TransCanada’s proposed Energy East tar sands pipeline faces massive opposition in Canada. A large demonstration is planned in Quebec City on April 11th.
How many explosions before we stop crude-by-rail?
This past Saturday, it happened again. A train carrying highly volatile crude oil, in this case tar sands crude from Alberta, derailed in Ontario and caught fire, destroying a bridge in the blaze. This is the fourth time in as many weeks an oil train has derailed and caught fire or exploded.