Tar Sands

11/02/23
Author: 
Amanda Stephenson, The Canadian Press
By betting it can solve its emissions problem with carbon capture and storage technology, Canada's oil and gas industry risks sadding itself with expensive stranded assets, a new report argues. A dump truck works near the Syncrude oil sands extraction facility near the city of Fort McMurray, Alberta on Sunday June 1, 2014. THE CANADIAN PRESS/Jason Franson

Feb. 9, 2023

CALGARY — By betting it can solve its emissions problem with carbon capture and storage, Canada's oil and gas industry risks saddling itself with expensive stranded assets, a new report argues.

CALGARY — By betting it can solve its emissions problem with carbon capture and storage, Canada's oil and gas industry risks saddling itself with expensive stranded assets, a new report argues.

23/11/22
Author: 
Nicholas Gottlieb, graphics by Elysse Deveaux
The Dirty Dozen: ‘Carbon bombs’ threaten to blow up Canada’s climate commitments

Website Editor: A great summary of Canada's fossil fuels situation and politics in this article.

Nov. 22, 2022

Canada wants to be the last country producing fossil fuels, even if it kills us

COP27 is over. The UN summit took one big step forward on climate justice with the creation of a loss and damage fund for the most impacted nations, while taking two enormous steps backwards by failing to call for a phaseout of all fossil fuels.

22/11/22
Author: 
Barry Saxifrage
Oil and gas in Canada

Nov. 21, 2022

Canada's failure to reduce climate pollution has left us far behind most of our peer nations. The primary cause of this failure has been surging emissions from our oil and gas industry. Unfortunately, it’s not the only Canadian sector with stubbornly rising emissions.

11/11/22
Author: 
Nia Williams
An oil worker holds raw oilsands near Fort McMurray, Alta., July 9, 2008. The difference between the price of Western Canada Select (WCS) — an oilsands bitumen blend — and New York-traded West Texas Intermediate (WTI) has widened dramatically in October, to more than US$25 per barrel, according to a Scotiabank report. THE CANADIAN PRESS/Jeff McIntosh

Dec. 10, 2022

Canada’s benchmark heavy crude, Western Canada Select (WCS), is trading at a steep discount to West Texas Intermediate (WTI) after weakening sharply last month, and is expected to remain subdued well into next year.

Why is WCS under pressure?

WCS for delivery at the Hardisty, Alberta, hub is trading close to $30 a barrel under WTI, having averaged $16.67 a barrel below WTI for the first three quarters of 2022.

A number of factors are to blame.

04/09/22
Author: 
Gooderham Nathan

[Web page editor: Read this exposure of the Canadian government's duplicity on emissions.]

Aug 23 2022 - 

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