By Lloyd Alter Last week, the developer behind the controversial Keystone XL pipeline pulled the plug on the $8 billion project that was slated to bring 830,000 barrels of crude oil sands […]
Value of Canadian Oil Exports Leaps 15-Fold in 30 Years
The value of crude oil exports from Canada has increased over 15-fold in the last 30 years, according to a report from Statistics Canada and the Canada Energy Regulator. The […]
Total declares $9.3B in stranded assets in Alberta tar sands
French colossal fossil Total sent a shockwave through the Alberta oilpatch Wednesday with the announcement that it is writing off C$9.3 billion in assets in the tar sands/oil sands, including […]
Between COVID-19 and a price war, Canada’s oil patch is on life support
In the face of an economic crisis triggered by the global spread of COVID-19 and worsened by the Saudi Arabia-Russia price war, the outlook for new projects in Alberta’s oil […]
Norway public pension fund severs final link with Canada’s oilsands
By Alastair Sharp Norway’s municipal employees’ pension fund, the country’s largest, has sold its last remaining stakes in companies with operations in Canada’s oilsands, saying holding them does not align with […]