Alberta's bitumen can be used to produce carbon fibre for electric vehicles, Little points out.
TORONTO (Reuters) ― The shift to electric vehicles and other low-carbon technologies could disrupt crude oil demand on a similar scale to the coronavirus pandemic, Suncor Energy Inc.’s chief executive said on Monday.
Pipeline opponents have filed court documents aimed at halting the project.
New Westminster city council stands behind efforts to halt construction of the Trans Mountain pipeline.
Council issued a statement Dec. 18 regarding its opposition to the pipeline expansion project and its support for a recent court application by land defenders, who are hoping to stop the pipeline project. Council is concerned about its proximity to the sensitive riparian area of the Brunette River.
Another example of governments’ “new denialism”: make green promises and mouth/legislate commitments to reconciliation with First Nations, but just keep on trampling both in the service of fossil fuel industry profits.
"The only reasonable decision for investors in this situation is to green their portfolio and to quit companies planning new fossil investments now."
Five years after the world adopted the Paris climate agreement, global financial institutions have provided over $1.6 trillion in loans and underwriting to multinational fossil fuel firms planning and developing destructive oil and gas projects, a joint report from 18 environmental groups revealed Thursday.
Canada’s parliamentary budget officer has provoked a fresh round of suspicion about the long-term profitability of the Trans Mountain oil pipeline and expansion project.
