In a dramatic turn of events, it looks like all bust and no more boom for the Alberta tar sands, according to our recent analysis based on industry data. In reality, future rates of production will likely be insufficient to fill even one new pipeline.
The oil industry’s own data shows that the tar sands are on the edge of decline – but the key question is if they will take everyone else down with them.
FOR IMMEDIATE RELEASE June 29, 2017 CONTACT Lorne Stockman, lorne [at] priceofoil.org, +1 540 679 1097 Adam Scott, adam [at] priceofoil.org, +1 416 347 3858 Data driven reality check points to end of growth in the tar sands. A new briefing released today points to a dramatic drop-off in investment in growth in the tar … Read More
Oil Change International June 2017 Download the PDF Briefing. The Alberta tar sands are among the world’s largest oil reserves. While investment and expected growth in the industry have been high for the last decade, new industry data paints a dramatically different picture of the sector moving forward. Key findings: Anticipated tar sands production growth is … Read More
Canada doesn’t have its story straight on climate change – which makes it all the more important to push the country to be the real climate leader we need.
Have you ever stopped to think about the moments that we were on the brink of something big? Something that we look back on and find it hard to imagine how it used to be? Cell phones are a good example, or smart phones – the iPhone has only been around since 2007. The internet … Read More
April 7, 2016 For Immediate Release New pipelines from the Alberta to tidewater would do nothing to help Canada’s oil industry cope with low oil prices. Contrary to assertions made by the Canadian Association of Petroleum Producers today and Natural Resources Minister Carr on Tuesday in interviews, there is no longer a sound economic argument … Read More
In our latest briefing, we unravel why U.S. government agencies are setting themselves up for climate failure when assessing the climate impact of fossil fuel decisions, and what they should do about it.
If you are paying attention to the tar sands pipeline conversations, you have no doubt heard industry proponents argue that Alberta needs another pipeline to get its oil to tidewater (i.e. the east or west coast of Canada in this case) in order to obtain the highest price possible for the product. But the fact … Read More
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.