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In the Media

Kinder Morgan

Expert engineers deem TransMountain too dangerous

Mitchell Anderson | The Tyee - December 17th 2014

Press Clipping: The Concerned Professional Engineers (CPE), a group of senior local experts with decades of experience in marine transportation, naval architecture and risk mitigation, submitted a letter to the NEB regarding Kinder Morgan's pipeline expansion proposal. It states that the proposed project ''presents a high risk to the environment and to structures located along these routes.'' They have not yet received a reply to their concerns.

Economic Factors

Oil investors at brink of losing trillions of dollars in assets

Alex Morales | Bloomberg News - December 17th 2014

Press Clipping: A major threat to fossil fuel companies has suddenly moved from the fringe to center stage with a dramatic announcement by Germany’s biggest power company and an intriguing letter from the Bank of England. A growing minority of investors and regulators are probing the possibility that untapped deposits of oil, gas and coal -- valued at trillions of dollars globally -- could become stranded assets as governments adopt stricter climate change policies.

Oil by rail

Unsafe and unnecessary oil trains threaten 25 million Americans

Ralph Nader | Huffington Post - December 17th 2014

Press Clipping: We need an immediate ban on the most dangerous tank cars. We also need to slow these trains down; slower trains mean fewer accidents, and fewer spills and explosions when they do derail. The public and local fire fighters must be notified about train routes and schedules, and every oil train needs a comprehensive emergency response plan for accidents involving explosive Bakken crude and toxic tar sands.

Petrostate Politics, Keystone XL

How Harper misread Obama and botched Keystone XL

Campbell Clark | Globe and Mail - December 17th 2014

Press Clipping: Campbell Clark argues that Canada’s Conservative government has misplayed the politics of the Keystone XL pipeline, and badly. There is a constituency in the United States that wants action on climate change, and they made Keystone a symbol for this battle. But Harper and his fellow Conservatives just pushed harder on the idea that the U.S. was going to need Canadian oil, anyway. This turned out to be a mistake, and it’s almost certainly too late to get Mr. Obama to ever approve this pipeline.

Enbridge Northern Gateway

Keystone XL pipeline’s economic argument may expire: experts

Zi-Ann Lum | Huffington Post Canada - December 16th 2014

Press Clipping: The juncture of falling oil prices colliding with TransCanada’s push for its US$8-billion Keystone XL pipeline may undermine the argument that the project makes economic sense, according to analysts. Sandy Fielden, RBN Energy's director of energy analytics, told the L.A. Times the impact of falling prices may rattle support for Keystone XL. “The economics of this project are becoming increasingly borderline,” she said. But TransCanada isn’t showing any signs it’s fazed by the dropping prices.

Climate Impacts, Economic Factors

Warmer temperatures are bad for the economy, study finds

Seth Bornstein | Associated Press - December 16th 2014

Press Clipping: Hotter days mean less cold cash for Americans, according to a new study matching 40 years of temperatures to economics. And, the study's authors predict, if the world continues on its current path of greenhouse gas emissions, even warmer temperatures later this century will squeeze the U.S. economy by tens of billions of dollars each year.

Petrostate Politics

Who killed it? The case of the government’s vanishing climate change press release

Feature

December 16th 2014

Press Clipping: Maybe it was Minister X in the conservatory with the delete button. Natural Resources Canada spent months editing a news release about a devastating climate change report, according to documents newly obtained by PressProgress through Access to Information. Their work was all for naught. The release was never actually issued in what appears to be a textbook example of How to Bury Bad News 101.

Economic Factors

The Saudi standoff: Oil-rich nation takes on world’s high-cost producers

Shawn McCarthy and Eric Reguly | Globe and Mail - December 15th 2014

Press Clipping: If the global oil standoff pits the industry stalwart Saudi Arabia against the surging U.S. rival, other global players are coping with the pricing fallout, including Canada. Cenovus Energy Inc. this week slashed its capital budget by 15 per cent and signalled more to come. Canadian Natural Resources Ltd. has said a quarter of its $8.6-billion (Canadian) budget is “flexible” and could be deferred if prices don’t recover. More cutbacks are likely to follow in the weeks ahead, and expectations that Alberta could double oil sands production over the next decade are suddenly in doubt.