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Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Material Risks: How public accountability is slowing tar sands development (pdf) By: Tom Sanzillo (IEEFA), Lorne Stockman (Oil Change International), Deborah Rogers (Energy Policy Forum), Hannah McKinnon (Oil Change International), Elizabeth Bast (Oil Change International), and Steve Kretzmann (Oil Change International)

October 29, 2014 Read More →

More News and Commentary

IEEFA Update: A Growing Sense Across Energy Markets, and Among Market Players, That Change Is Gaining Pace

Peak Oil Demand; a Blockbuster Wind Deal; Battered Coal

Two stories this week got some bombshell play still ricocheting around. First was Royal Dutch Shell Chief Executive Ben van Beurden saying the company, second only to Exxon Mobil among the oil majors and the biggest energy outfit in Europe, sees peak demand for oil occurring sooner than anticipated, contrary to the comparatively stodgy and widely […]

July 28, 2017 Read More →

As Global Energy Economy Shifts, Royal Dutch Shell Lays Out ‘Pessimistic Vision’ for Oil Industry

Wall Street Journal: Royal Dutch Shell PLC laid out a pessimistic vision for the future of oil on Thursday, even as the company reported success in generating cash during a prolonged downturn. Shell has cut costs and said it is preparing for a world in which crude prices never return to precrash levels and petroleum […]

July 27, 2017 Read More →

Oil Industry Begins to Acknowledge Peak Oil

Sarah Kent and Brian Spegele for the Wall Street Journal: This month, European oil company MOL Group delivered a stark message to investors: Demand for fuel in its key markets is bound to fall. So-called peak oil demand is a mind-bending scenario that global producers such as Royal Dutch Shell PLC and state-owned Saudi Aramco […]

November 28, 2016 Read More →

‘Oil Companies Incensed by the Idea That They May Be the Next Lehman Brothers’

From The Economist: Oil companies have been incensed by the idea that they may be the next Lehman Brothers. Ben van Beurden, chief executive of Royal Dutch Shell, talks of financial regulators trying to “weaponise financial markets against oil and gas”. Patrick Pouyanné, the boss of Total, has urged Mr Carney to “take care of […]

November 28, 2016 Read More →

Shell Divesting From $1 Billion in Canadian Oil-Sand Assets

Chester Dawson for the Wall Street Journal: Royal Dutch Shell PLC said it had reached a deal to sell $1 billion of shale-oil and gas assets in Western Canada as part of a global divestment program to raise cash and streamline its business operations. Those assets currently produce dry gas and natural-gas liquids equivalent to […]

October 21, 2016 Read More →

Shell, Citing Costs, Drops Oil-Sands Work In Alberta

Chester Dawson for the Wall Street Journal: Royal Dutch Shell PLC said Tuesday it would abandon the construction of a major oil-sands project in Western Canada and take a $2 billion write-down, a stark reflection of the challenging economics for unconventional oil projects amid a sharp slump in crude prices. The energy giant said it […]

October 28, 2015 Read More →
Canada’s Tar-Sand Region in Economic Straits

Canada’s Tar-Sand Region in Economic Straits

Alberta’s tar-sands economy is faltering as global oil prices stay low, keeping local producers and associated businesses in money-losing or break-even mode, according to an article this morning in the New York Times. Under the headline “Lower Oil Prices Strike at Heart of Canada’s Oil Sands Production,” Ian Austen writes that “oil sands operators are […]

February 3, 2015 Read More →
Shifting Energy Markets Drive Shell to Cut Jobs on Tar Sands

Shifting Energy Markets Drive Shell to Cut Jobs on Tar Sands

Shell’s announcement on Friday that it will eliminate up to 10 percent of its workforce on its Canadian tar-sands projects has drawn broad attention for the implications it raises. Among news organizations headlining the story: The Globe and Mail of Toronto, which says it is driving speculation “that more large-scale layoffs are in store as […]

January 12, 2015 Read More →

Our Tar-Sands Outlook, Part 2: Weak Fundamentals



By DEBORAH ROGERS  The tar-sands industry faces numerous vulnerabilities, none of which appears insurmountable on its own. Taken as a whole, however, these vulnerabilities create a daunting constellation of risks, as we explained last week in a report we published. That report, which we published with Oil Change International, examined the top 10 large tar-sands […]

November 4, 2014 Read More →

Our Tar-Sands Outlook, Part 1: Costly Opposition, in Perpetuity

By TOM SANZILLO The bottom line on the financial analysis we published last week around Canadian tar-sands development is that public opposition has cost and will continue to cost the industry billions of dollars in lost revenues. These are not untold billions. Our analysis shows that half of these lost revenues from 2010-2030 — $17 […]

November 3, 2014 Read More →