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Tag: tar sands
With sub-$60 oil, fracking and tar sands losses threaten financial system
2014-12-17 10:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Ecologist: A new financial crisis is threatening to dwarf the 'subprime' mortgage debacle, writes Paul Mobbs. Cheap money from central banks has fuelled some $1.3 trillion of risky investments in high-cost 'unconventional' oil and gas. Now, with oil sinking below $60, all that paper is turning to junk - and that's putting the entire economic system at risk. Throwing free money after bad, the US fracking industry mopped up a large wad of QE cash, and shortly after the number of drilling rigs in the US took...
Tags: system
financial
oil
losses
EU vote puts Canadian tar sands label back on agenda
2014-12-03 17:25:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Europe moved a step back towards a plan to stigmatize Canada's tar sands as highly polluting on Wednesday, despite years of Ottawa's lobbying the EU bloc as part of its export drive. European Parliament lawmakers put the plans back on the agenda by voting against the EU executive's proposal to abandon the scheme. The veto vote was passed at committee level, meaning it still has to get through a full session of the European Parliament in the coming weeks in order to force the European Commission...
Canadian Author Donates Prize Money Fight Tar Sands Pipeline, Inspires Outpouring Cash
2014-11-26 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
ThinkProgress: The North American anti-pipeline movement just received a significant injection of financial and psychological energy, and it started with a book award. On Sunday, 24-year-old Quebecois activist and author Gabriel Nadeau-Dubois donated a CA$25,000, or just over $22,000, literary prize to an anti-pipeline citizen`s group. The group is part of a consortium fighting the controversial Energy East pipeline project that would bring oil from the tar sands in Canada`s western provinces nearly 3,000 miles...
Canada: RCMP Arrest Protesters at Kinder Morgan Tar Sands Pipeline Expansion
2014-11-23 23:26:00| Climate Ark Climate Change & Global Warming Newsfeed
Environment News Service: An 11-year-old girl was among those arrested Sunday as a crowd protested survey work by the Texas-based Kinder Morgan company for a tar sands pipeline expansion through the Vancouver suburb of Burnaby. In late October, Canada`s National Energy Board granted Kinder Morgan access to begin work on their TransMountain tar sands pipeline expansion project in a designated conservation area on Burnaby Mountain. In response, community members have established a camp and prevented Kinder Morgan from...
Tags: canada
kinder
expansion
morgan
Playing politics with tar sands oil
2014-11-17 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Just when President Obama marches forward on the issue of climate change, Congress scuttles backward. Last week in Beijing, America and China agreed to significant joint reductions in greenhouse gas emissions. Over the weekend, at the G-20 meeting in Brisbane, Australia, Mr. Obama pledged a $3 billion contribution to the Green Climate Fund, a multilateral effort to help vulnerable countries develop clean energy sources and adapt to the impacts of global warming. And Congress? On Friday, the House...
Tags: playing
oil
politics
tar
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