Oil Sands

IEEFA Research

IEEFA Investor Memo ExxonMobil (XOM): Company Is an ‘Outlier’ in How It Reports Write-offs on Canadian Oil Sands Assets

Loss Accounting ‘Largely Overlooked by Industry Analysts;’ Full Transparency Could Affect Balance Sheet by $22 Billion

April 17, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published an investor memo questioning whether ExxonMobil has appropriately accounted for its recent write-off of billions of barrels of Canadian oil sands assets. In “ExxonMobil Investment Note,” IEEFA outlines how ExxonMobil remains the exception in the oil industry in its […]

April 17, 2017 Read More →
Teck Resources: Rough Road on Oil Sands Investments

Teck Resources: Rough Road on Oil Sands Investments

Teck Resources_Rough Road on Oil Sands Investments_April 2015 By Tom Sanzillo and Deborah Lawrence

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

Setback to Kinder Morgan’s Canadian Oil Sands Pipeline Project

Reuters: British Columbia will not allow Kinder Morgan Canada Ltd to begin work on public land for its Trans Mountain pipeline expansion until it “meaningfully” consults aboriginal communities, provincial officials said on Thursday.  The $5.5 billion project through British Columbia, which secured federal government approval last year, would almost triple the capacity of the current […]

August 11, 2017 Read More →

Keystone XL Completion Still 3 Years Out, if Completion Is in the Cards

InsideClimate News: It will be close to three years, at least, before oil could possibly be moving through the controversial Keystone XL pipeline—if the pipeline is completed at all. Company officials now concede that after battling protests and regulatory hurdles for nearly a decade, market forces could scuttle the project. Canadian pipeline giant TransCanada first […]

August 10, 2017 Read More →

Economics May Kill Long-Delayed Keystone XL Pipeline

Associated Press: The proposed Keystone XL pipeline survived nine years of protests, lawsuits and political wrangling that saw the Obama administration reject it and President Donald Trump revive it, but now the project faces the possibility of death by economics. Low oil prices and the high cost of extracting Canadian crude from oil sands are […]

August 4, 2017 Read More →

Oil Producers Aren’t Interested in Keystone XL Anymore

Wall Street Journal/Dow Jones Newswires: Keystone XL is facing a new challenge: The oil producers and refiners the pipeline was originally meant to serve aren’t interested in it anymore. Delayed for nearly a decade by protests and regulatory roadblocks, Keystone XL got the green light from President Donald Trump in March. But the pipeline’s operator, […]

June 30, 2017 Read More →

Court Order Puts Dakota Access Pipeline Back on Hold

Reuters: A federal judge ordered the U.S. Army Corps of Engineers to reconsider its environmental review of the Dakota Access Pipeline on Wednesday, opening up the possibility that the line could be shut at a later date. U.S. District Judge James Boasberg in Washington said the Army Corps did not adequately consider the effects of […]

June 15, 2017 Read More →

IEEFA Investor Memo ExxonMobil (XOM): Company Is an ‘Outlier’ in How It Reports Write-offs on Canadian Oil Sands Assets

Loss Accounting ‘Largely Overlooked by Industry Analysts;’ Full Transparency Could Affect Balance Sheet by $22 Billion

April 17, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published an investor memo questioning whether ExxonMobil has appropriately accounted for its recent write-off of billions of barrels of Canadian oil sands assets. In “ExxonMobil Investment Note,” IEEFA outlines how ExxonMobil remains the exception in the oil industry in its […]

April 17, 2017 Read More →

Market Tide Buries Canadian Oil Sands

SNL: In the last month, Royal Dutch Shell plc and Conoco Inc. shed most of their upstream oil sands operations in the country in a pair of deals that valued their assets at just over C$30 billion. Shell sold its assets to Canadian Natural Resources Ltd. at a steep discount to replacement value, while Conoco […]

April 10, 2017 Read More →

The Pipeline Game Has Changed in the Southeast U.S.

Southeast Energy News: After setting temporary moratoriums on new oil pipelines in 2016, both Georgia and South Carolina are moving forward with hearings and bills to tighten regulations. The ultimate result, says Sen. Tom Young, a Republican from Aiken County, South Carolina, is likely to be “regulations that allow pipelines under a very limited set […]

March 14, 2017 Read More →

IEEFA Exxon: Questions, More Questions

What, Really, Is the Future of the Oil Industry? And How Believable Are Company Projections?

Much will be written this week about the oil industry’s abandonment of key reserves in its oil sands holdings. ExxonMobil is suddenly smaller than it was. So is Canada’s energy industry, and so are world oil markets. All said, the oil industry, globally speaking, has recently now lost about 10 percent of its proven and […]

February 23, 2017 Read More →

Oil Companies Begin to Consider ‘Eventual Abandonment’ of Reserves

Sarah Kent, Bradley Olson and Georgi Kantchev for the Wall Street Journal: A new era of low crude prices and stricter regulations on climate change is pushing energy companies and resource-rich governments to confront the possibility that some fossil-fuel resources will remain in the ground indefinitely. In a signal that the prospect is growing more […]

February 21, 2017 Read More →