[Webpage: Note that this artticle refers to new investment.]

Wind and solar have grown seemingly unstoppable.

While two years of crashing prices for oil, natural gas, and coal triggered dramatic downsizing in those industries, renewables have been thriving. Clean energy investment broke new records in 2015 and is now seeing twice as much global funding as fossil fuels.

The idea that greater pipeline capacity and access to tidewater would maximize the value Alberta receives for its tar sands crude is a standard talking point for industry, politicians, and other commentators in the ongoing oil price-induced recession in Alberta.

Beijing has high hopes for the new Trudeau government.

The oil sands are downsizing. Alberta's Big Oil CEOs are talking to environmentalists. And proposed oil pipelines are in serious trouble.

Those were the takeaways from a trio of experts who spoke in Vancouver Wednesday at a "Carbon Talks" event hosted by Simon Fraser University with the David Suzuki Foundation and the Centre for International Governance.

And the reasons for them have a lot less to do with vocal activist opposition or the Trudeau government's climate commitments than they do with the brute forces of the global marketplace for oil.

Oil at the first phase of separation from the sand is seen at the Suncor tar sands processing plant near Fort McMurray, Alberta, in this Sept. 17, 2014 file photo.
(Todd Korol/Reuters)

Oil sands producers may have collectively breathed a sigh of relief on Prime Minister Justin Trudeau’s recent failure to get the premiers signing on to a national price for carbon emissions. However, domestic measures to reduce carbon emissions are the least of oil sands producers’ concerns when it comes to how actions to mitigate climate change will challenge their industry’s survival.

Photo: Larry Wong/Edmonton Journal/Postmedia News

CALGARY – Imperial Oil Ltd. has revealed plans for a new $2-billion oilsands plant at a time its competitors have cancelled or deferred new projects to survive the oil price collapse.

Imperial, one of the largest oil and gas companies in Canada, announced Friday it had filed an application with the Alberta Energy Regulator to build a 50,000 barrel per day oilsands facility, which would extract oil using a new technique the company says would reduce greenhouse gas emissions by 25 per cent compared with existing projects.

We saw the delegates hugging each other as they walked out of the COP21 climate change talks in Paris back in December — but we had no idea what the agreement they reached meant for Canada.

Now we do. And it turns out Saskatchewan Premier Brad Wall was quite right to be anxious about the future of our fossil fuel industry and Alberta Premier Rachel Notley may have been quite wrong in her assertion that Alberta will prosper — if she was talking about the oil and gas industry, at any rate.