As Kinder Morgan and Imperial Oil together opened the third tar sands unit train loading terminal in the Edmonton/Hardisty area, the business of sending tar sands crude to market by rail hit the skids. Genscape monitors each of the three terminals and the latest figures show that two of the terminals loaded no crude whatsoever … Read More
Canadian oil industry watchers noted a Canadian oil price recovery in April and May as the heavy oil benchmark Western Canadian Select (WCS), climbed back from a 2014 trough of $28/bbl below West Texas Intermediate (WTI) in July 2014 to a high of $8/bbl below WTI in mid-May 2015 (see Figure 1). Of course, in … Read More
Media reporting on oil price changes tends to focus on the ‘new normal’, and often overlooks that oil prices have always been cyclical. What might we learn from the cycle, in order to think about longer-term campaign strategy? In particular, what if the industry’s expansion frontier starts to move away from the expensive extreme oil … Read More
A new report released today by Oil Change International, Natural Resources Defense Council (NRDC), and World Wide Fund for Nature (WWF) exposes for the first time a web of billions of dollars of public finance flowing to support the coal industry each year by way of export support, development aid and general finance.
Combining all known public sources, and augmenting them with subscription industry databases, this report makes comprehensive information on public financing for coal easily accessible for the first time.