Few energy projects pose a larger threat to the climate than Canada's tar sands. Oil sands production emits three to four times more climate-warming greenhouse gas emissions than producing conventional crude oil, making it one of the world's dirtiest forms of fuel.
Due to more energy intensive extraction processes coming online, it's only going to get worse: climate pollution per barrel has increased 21 per cent since 2010. According to the International Energy Agency (IEA), the oil industry's expansion plans will commit us to as much as six degrees Celsius of global warming, all but guaranteeing the destabilization of the global climate.
- Tar sands is 3-4 times worse for the climate than conventional oil
- Key Issues:
- - Industry expansion plans will lead to far greater than 2 degrees of global warming
- - Canada's climate performance is the worst in the Western world
- Current Status:
- There are no meaningful emissions limits on the tar sands industry today
The tar sands are the fastest growing source of greenhouse gas emissions in Canada, which emits more greenhouse gas emissions per capita than either the United States or China. The tar sands are the only reason Canada cannot meet its greenhouse gas-reduction commitments, and why it was the only country to pull out of the Kyoto climate change agreement.
Tar sands emissions have doubled in the past decade, and the industry’s expansion plans will double emissions again this decade, from 48 million tonnes in 2010 to 104 million tonnes in 2020. That’s twice current emissions from Norway, and exceeds the combined emissions from 85 nations.
If you thought that was bad, Alberta has already approved enough tar sands projects to produce climate pollution that exceeds the current combined emissions from 150 nations.
According to International Energy Agency projections, tar sands projects already under construction will supply all the tar sands oil the world can burn if we hope to keep average global warming below two degrees Celsius and avoid catastrophic climate change. But Alberta won’t stop there. Its government has already has approved further expansion to supply more tar sands oil than the world can burn even if we stay on the path to six degrees warming, or “climate catastrophe."
Current regulations do not meaningfully reduce greenhouse gas emissions from tar sands development. In the short term, more stringent regulations need to be put in place to reduce greenhouse gas emissions.
To allow Canada to meet its commitment to reduce greenhouse gases, the oil and gas sector needs reduce its emissions by 42 per cent by 2020. This will require curtailing tar sands expansion and/or putting a price on carbon emissions of at least $100 per tonne by 2020.