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Public opposition has cost tar sands industry $17bn, says report

2014-11-03 13:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Anti-tar sands campaigns have cost the industry a staggering $17bn (11bn) in lost revenues, and helped to push it onto the backfoot, according to a study by the Institute for Energy Economics and Financial Analysis (IEEFA), and Oil Change International. Another $13.8bn has been lost to transportation bottlenecks and the flood of cheap crude coming from shale oil fields, says the Material Risks report, which presents the first quantification of the impact that environmental campaigners have had...

Tags: report public cost industry

 

Tar Sands Trade: Kuwait Buys Stake in Alberta As It Opens Own Heavy Oil Spigot

2014-10-15 05:38:27| Energy - Topix.net

Chevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta-based Duvernay Shale basin to Kuwait Foreign Petroleum Exploration Company for $1.5 billion. It marked the first North American purchase for the Kuwaiti state-owned oil company and yields KUFPEC 330,000 acres of Duvernay shale gas.

Tags: trade heavy oil opens

 
 

Tar Sands Trade: Kuwait Buys Stake in Alberta As It Opens Own Heavy Oil Spigot

2014-10-15 04:45:23| Oil & Gas - Topix.net

Chevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta-based Duvernay Shale basin to Kuwait Foreign Petroleum Exploration Company for $1.5 billion. It marked the first North American purchase for the Kuwaiti state-owned oil company and yields KUFPEC 330,000 acres of Duvernay shale gas.

Tags: trade heavy oil opens

 

EU scraps plan to label tar sands oil as highly polluting

2014-10-07 13:45:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The European Commission on Tuesday proposed scrapping a mandatory requirement to label tar sands oil as highly polluting after years of industry opposition. The new proposal abandons one obstacle to Canada shipping crude from tar sands to Europe and is likely to draw strong criticism from environmental campaigners and Green politicians. It is suggested in a revised draft law on how refiners report the carbon intensity of the fuel they supply. The debate about labelling tar sands, also known...

Tags: plan highly oil label

 

As Keystone awaits fate, other tar sands projects move forward

2014-09-04 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Al Jazeera: The federal government has quietly approved major tar sands transportation projects with unstudied environmental effects -- managing to circumvent the executive branchs impact analysis that paralyzed development of the Keystone XL pipeline and bolstered activists claims that the project is dangerous and damaging to the environment. Over the past few years, the Keystone pipeline has become a household name. The controversy caused by Canadian pipeline company TransCanadas project, which would...

Tags: forward move projects tar

 

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