BERLIN – Since the Paris climate agreement was signed in 2015, too many policymakers have fallen for the oil and gas industry’s rhetoric about how it can help to reduce greenhouse gas emissions. Tall tales about “clean coal,” “oil pipelines to fund clean energy” and “gas as a bridge fuel” have coaxed governments into rubber-stamping new fossil fuel projects, even though current fossil fuel production already threatens to push temperatures well beyond the Paris agreement’s limit of well below 2 degrees above pre-industrial levels.
Has Big Oil exposed itself to billions in losses from a widening price differential between light (West Texas Intermediate, or WTI) and heavy (Western Canadian Select, or WCS) oil?
That’s the hypothesis in a report by Scotiabank as reported in The Vancouver Sun on Feb. 20 (Pipeline delays impose demonstrable cost ($10.7 billion) to Canada’s economy: Scotiabank).
Feb 26, 2018 - While BC consumers of carbon pay an ever increasing tax — $10 billion since 2009 — carbon producers are enjoying billions of dollars in subsidies.
[Editor's Note: It is well known that other indigenous peoples are leading the no pipeline movement and support an oil tanker moratorium on BC's coast.]
A First Nations’ led $17-billion oil pipeline from Alberta to the West Coast has put in motion a back-up plan to site its terminal across the border
The five companies that own most of the oilsands production in Alberta should come clean with the public about the "enormity" of the costs — adding up to nearly $2 trillion in a worst-case scenario — of their pollution, says a new study.
"The Big Five need to start publicly disclosing their emissions modelling for the sake of transparency and accountability," reads the report, released Wednesday by the Parkland Institute, an Alberta public policy research network based at the University of Alberta.
VANCOUVER/CALGARY, Alberta (Reuters) - Kinder Morgan Canada Ltd said on Monday the start-up of its Trans Mountain pipeline expansion could be delayed past September 2020 if it is unable to get more clarity around permitting and the judicial process by early next year.
After downplaying concerns about delays to its investors last week, Kinder Morgan is warning it could lose more than $90 million per month due to its struggles with the bylaws of the City of Burnaby in British Columbia.
