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Economic Factors

How the oil sands could very quickly become unviable


Andrew Leach | Maclean's - April 17th 2014

Press Clipping: It was reported today that Exxon-Mobil will begin disclosing the degree to which its assets are exposed to future greenhouse gas policies. This risk is at the heart of what has become known as the carbon bubble, a term advanced by UK group Carbon Tracker, which suggests that assets may be over-valued as a result of not accounting for potential future limits on fossil fuel extraction imposed to fight climate change.

Keystone XL

TransCanada Corp. dismissive of employees’ concerns about pipeline safety, records reveal


Mike De Souza | Toronto Star - April 15th 2014

Press Clipping: Management at TransCanada Corp. were dismissive to employees who raised concerns in recent years about the safety of the company’s existing and brand new North American pipeline infrastructure, newly released company records reveal. The thousands of pages of records, released over the past month by the Senate energy and environment committee, show cases where engineers were told in internal emails to stop searching for potential pipeline defects.

Kinder Morgan

Can a small group of people stop the pipeline?

April 13th 2014

Press Clipping: During the townhall meeting on the proposed expansion of Kinder Morgan's pipeline, Mayor Derek Corrigan said, "I don't want to pretend to you the game isn't fixed. I know the game is fixed. ... We are up against it, but ... things start with a small group of people." It's a bit of a homage to the well-known quote from Margaret Mead: "Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it's the only thing that ever has."

Enbridge Northern Gateway

It’s like something out of a movie

April 12th 2014

Press Clipping: Environmental reporter Mychaylo Prystupa is just arriving in Kitimat, where residents are getting pushed to vote “yes” on the pipeline. Enbridge is running a massive PR campaign, with corporate canvassers going door to door to try and convince locals to back the oil giant on April 12.

Climate Impacts, Kinder Morgan

Donner, Harrison & Hoberg: Let’s talk about climate change


Simon Donner, Kathryn Harrison and George Hoberg | National Post - April 12th 2014

Press Clipping: Kinder Morgan’s proposal to triple the capacity of its Transmountain pipeline is expected to lead to 50% more carbon dioxide (CO2) emissions each year than all of British Columbia currently produces. That fact prompted 26 university professors who study climate change to apply to lend our expertise to the NEB’s assessment of whether this project is in the public interest. Every one of us was rejected, because we proposed to talk about climate change.

Economic Factors

Oil sands investment slowing because of tough market, not new SOE rules, execs say

Claudia Cattaneo | Financial Post - April 12th 2014

Press Clipping: After binging on Canadian oil and gas assets at top prices, state-owned enterprises (SOEs) from Korea, China and Abu Dhabi are focused on making them profitable rather than looking at more acquisitions, executives said. Efforts to turn Canadian holdings into good businesses amid unexpectedly tougher conditions are playing a bigger role in discouraging new purchases than rules adopted by the federal government restricting SOE investments in the oil sands to minority positions.

Kinder Morgan

Pipeline planners hear from unhappy public


Matthew Claxton | Langley Advance - April 9th 2014

Press Clipping: The TransMountain pipeline expansion plans drew hundreds of people to an open house held by pipeline owner Kinder Morgan, and quite a few of the residents at the meeting were not happy with the pipeline expansion in general or its proposed route.