Tag: Tar Sands
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New Keystone XL Report Calls Pipeline A Mirage for Tar Sands Investors
New research from the Carbon Tracker Initiative reveals approval of the controversial Keystone XL pipeline would only have a marginal positive impact of the economics of the Canadian oil-sands industry, but could trigger a rush of investment into additional risky high-cost, high-carbon projects, dependent on rising oil prices. The report, Keystone XL Pipeline: A Potential…
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Tar Sands Industry Eyes Great Lakes for Cheap Shipping
As tar sands extraction continues and proposals for expanded pipelines from Canada into the U.S. form a backdrop, the Great Lakes themselves could become the next frontier for moving crude oil to a vast Midwest refinery network. [caption id="attachment_313072" align="alignnone" width="464"] Tar sands crude refiners in the U.S. Midwest[/caption] The region faces a critical choice…
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Grim Consequences of Canadian Tar Sands’ Rapid Growth
As Alberta Premier Alison Redford heads to Washington D.C. this week to push U.S. officials on the Keystone XL project, a coalition of Canadian environmental groups wrote a letter to Secretary of State John Kerry asking him to consider the impacts of tar sands production on human health and the environment, as well as the failures by…
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State Department Considers Oil by Rail in Keystone XL Decision
By Carol Linnitt A decision on the proposed northern half of the Keystone XL pipeline—under review since 2008—hinges on a final environmental review by the U.S. State Department now taking into consideration the importance oil-by-rail transport might have on growth of Alberta’s tar sands. [caption id="attachment_309741" align="alignnone" width="500"] Could oil by rail realistically provide an alternative to the…
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New Report Reveals Koch Brothers Could Make $100B Profit if Keystone XL Pipeline is Built
The progressive think tank International Forum on Globalization (IFG) released a report today investigating how Koch Industries and its subsidiaries stand to make as much as $100 billion in profits if the Keystone XL pipeline is built. The report, Billionaires’ Carbon Bomb: The Koch Keystone XL Pipeline, finds that the Kochs hold up to 2…