Tar Sands

Amanda Stephenson The Canadian Press
Cenovus CEO Alex Pourbaix in Calgary, Alta., Thursday, Jan. 30, 2020. The Canadian Press/Jeff McIntosh

Apr. 27, 2022

The investment tax credit unveiled by the federal government earlier this month isn't enough to convince Canada's major oilsands producers to begin construction on a proposed massive carbon capture and storage transportation line, the chief executive of Cenovus Energy Inc. said Wednesday.

Emma Graney Energy Reporter

Apr. 26, 2022

Cutting emissions from Canada’s oil sands by 40 per cent will cost between $45-billion and $65-billion from 2024 through 2030, according to a new analysis.

While the new report from Royal Bank of Canada found that Canada’s oil and gas sector can indeed balance near-term energy security with advancing climate action, the sector will need regulatory certainty and support at all levels of government to do so.

John Woodside
The financial sector receives little mention in Canada's new roadmap for climate action, but banks and other financial institutions must take steps to align with the country's emissions reduction goals, experts say. File photo by Alex Tétreault

Apr. 6, 2022

Canada’s recently published emissions reduction plan provides a roadmap for how Ottawa plans to hit its 2030 climate targets, but critics say until the financial sector is aligned with climate goals, the government's plans are “derelict.”

Climate advocacy group Environmental Defence’s climate finance manager Julie Segal says Canada appears excited about the benefits of sustainable finance but doesn’t appreciate the risks from continued fossil fuel investments.

Jessica Green, Laura Tozer & Emily Eaton

As long as Canada continues to underwrite the oil and gas industry, it cannot make meaningful progress on the economic transformation needed to address climate change.

Max Fawcett
When it comes to climate change and fossil fuels, Jason Kenney has more in common with Vladimir Putin than Volodymyr Zelensky, writes columnist Max Fawcett. Photo via Alberta Newsroom / Flickr (CC BY-NC-ND 2.0)

Mar. 5, 2022

It’s been clear for some time now that Canadian oil and gas advocates will do almost anything to get new pipelines built, from spinning stories about the “ethics” of our oil to weaponizing the economic insecurity of Indigenous communities. But they plumbed new depths of depravity with their willingness to treat the crisis in Ukraine as an opportunity to push, yet again, for projects like Keystone XL and Energy East.

Devika Krishna Kumar
A heavy hauler truck drives through a mine above the Athabasca oil sands near Fort McMurray, Alberta, Canada. Photographer: Ben Nelms/Bloomberg

Jan. 7, 2022

Canada's oil sands producers were able to export a record amount of crude to overseas markets thanks to a new link to the U.S. Gulf Coast.

John Woodside
Ottawa’s clean fuel standard is being designed to help curb transportation sector emissions, but critics say the existing draft text will lock in years of fossil fuel use. Photo via Erik Mclean / Pexels

Jan. 7, 2022

Ottawa’s incoming clean fuel standard is being designed to help curb transportation sector emissions, but critics say the existing draft text waters down climate targets and will lock in years of fossil fuel use.

The standard has been in development since 2016 and is scheduled to take effect by the end of the year, aiming to cut about 20 million tonnes of greenhouse gas emissions annually. Ottawa wants the regulation finalized by spring to give time for companies to prepare.

Primary Author: Mitchell Beer
Pulling oil from the tar sands - Jiri Rezac / Greenpeace

December 17, 2021

The Canada Energy Regulator is so closely tied to the fossil industry that it can’t be counted on to produce independent advice on the country’s path to net-zero—yet it’s considered the leading source of in-house energy modelling the Trudeau government has at its disposal, according to an independent expert commenting on the CER’s deeply flawed energy futures report released earlier this month.


Subscribe to RSS - Tar Sands