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)
Bloomberg reports this morning on the declining prospects for Canadian tar-sands development as the price of oil falls. Excerpts from the article by Joe Carroll: “Dangerous and difficult oil fields that looked like goldmines when crude fetched more than $100 a barrel have turned into money pits.” “Even before the oil market collapse began in […]
SNOWMOBILE SALES AND HOUSE PRICES ARE DOWN IN FORT MCMURRAY, ALBERTA, Reuters reports, as residents of the heart of Canada’s tar-sands region grow uneasy about whether the industry can deliver as promised. Nia Williams reports a “sense of unease” across the economy as lower global oil prices cast the future of tar-sands development in doubt. […]
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 […]
IEEFA IS OUT THIS MORNING WITH A REPORT ON THE GROWING “Constellation of Risks” facing the oil-production development of tar sands. The full report is posted just below this item. Here’s the text of the press release: Report: Tar Sands Producers Face a Growing ‘Constellation of Risks’ as Public Opposition Hits Industry’s Bottom Line $31 Billion […]
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)
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 […]