Oil Sands

IEEFA Research

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

Purchase of stalled Trans Mountain Pipeline would benefit Texas company at expense of taxpayers; Call for full public disclosure; C$11.6 billion in completion costs for ‘a pipeline project that is unnecessary’

June 26, 2018  (IEEFA)— Canada could see its budget deficit grow by more than a third with the national government’s purchase of the Trans Mountain Pipeline from Houston-based Kinder Morgan, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Canada’s Folly: Government Purchase of Trans Mountain Pipeline Risks […]

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

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

Purchase of stalled Trans Mountain Pipeline would benefit Texas company at expense of taxpayers; Call for full public disclosure; C$11.6 billion in completion costs for ‘a pipeline project that is unnecessary’

June 26, 2018  (IEEFA)— Canada could see its budget deficit grow by more than a third with the national government’s purchase of the Trans Mountain Pipeline from Houston-based Kinder Morgan, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Canada’s Folly: Government Purchase of Trans Mountain Pipeline Risks […]

On the blogs: billionaire Houston oilman is the winner in Canada’s rescue of Trans Mountain pipeline project

Sightlines Institute: In his continuing bid to earn his country the title of most corrupt petro-state, Canadian prime minister Justin Trudeau just committed his government—or, rather, all of the country’s citizens—to a Can$4.5 billion bailout for the Trans Mountain pipeline expansion project. Trudeau’s government has agreed to buy the existing Trans Mountain Pipeline, along with […]

June 4, 2018 Read More →

On the Blogs: Houston-Based Kinder Morgan Gets a Canadian Bailout

Sightline Institute: In his continuing bid to earn his country the title of most corrupt petro-state, Canadian prime minister Justin Trudeau just committed his government—or, rather, all of the country’s citizens—to a Can$4.5 billion bailout for the Trans Mountain pipeline expansion project. Trudeau’s government has agreed to buy the existing Trans Mountain Pipeline, along with […]

May 31, 2018 Read More →

Disputed Enbridge Line 3 Pipeline Heads to Minnesota Regulators for Decision

Associated Press: Minnesota regulators should approve Enbridge Energy’s proposal for replacing its aging Line 3 crude oil pipeline only if it follows the existing route rather than company’s preferred route, an administrative law judge recommended Monday. The proposal has drawn strong opposition because Enbridge’s preferred route would carry Canadian tar sands crude from Alberta across […]

April 25, 2018 Read More →

B.C. Pipeline Opposition Roils Canadian Politics

Bloomberg: British Columbia Premier John Horgan, who has vowed to use every possible means to thwart a Kinder Morgan Inc. pipeline expansion, was told by legal advisers last year before taking power that blocking the project would be against the law. That hasn’t stopped the 58-year-old former pulp mill worker from digging in his heels to stop […]

April 13, 2018 Read More →

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 →