Keystone XL Pipeline is dead!

The trouble with Keystone is two-fold: First, the tar sands oil that flows through Keystone is not needed in the US – it will be refined in Texas and from there it will be exported to world markets.   Secondly, as the necessity to combat climate change forces development of renewable energy, the large investment … Read more

Environmental Limits to Growth

Toronto-Dominion Bank reports that “Western Canada’s oil industry faces a serious challenge to its long-term growth. . .  Production growth will become constrained unless new pipeline capacity is built to access new markets. . . .  The flood of new shale oil supplies coming on stream in the United States, combined with inadequate pipeline capacity … Read more

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