Banks may be going bust at an unprecedented rate, but the financial crisis could start hitting oil development, no more so in Alberta, where the high oil price is a pre-requisite for profitable investment.
This is OilWeek’s gloomy assessment “Plummeting oil prices and the stock market meltdown have raised concern that Alberta´s energy boom may be […]

The development charity Oxfam has added its influential voice against Shell’s investment in Canadian oil sands.
In a report entitled “Forecast for Tomorrow,” the development charity has highlighted both good and bad business practices that are being adopted in the UK or by British businesses abroad.

With the global financial crisis taking centre stage coupled with the US election you would be forgiven for forgetting that there is an election going on in Canada too, which will be held in a couple of weeks.
So why is it not making international news? Partly it could be because its so boring, according to […]

Last week, environmental groups were celebrating that Congress did not repeal or weaken Section 526 of the U.S. Energy Independence and Security Act of 2007, as part of the Senate Authorisation bill.
Under Section 526 of the act, US federal government agencies are restricted from entering into contracts to purchase non-conventional fuels such a tar sands […]

It was inevitable that some sections of the Canadian press would defend tar sands, but the arguments they are using are fundamentally flawed.
In an editorial entitled “’Dirty oil’ beats bloody oil” today, the Calgary Herald tries to hit back at recent moves (see blog here) that highlight the financial risks of oil sands. The paper […]