So, while a boycott — whether of tourism or of oil sands products — might be, in and of itself, ineffectual in halting oil sands development, it may still contribute to a more challenging business case for
future oil sands projects.
Not exact matches
The B.C. government has pinned much of the province's economic
future on LNG exports, saying the
projects are equivalent to Alberta's
oil sands in terms of jobs and revenue generation.
The
future viability of
oil sands projects depends not just on your view of world
oil prices — it depends just as much on how these factors evolve, in particular discounts to Canadian heavy products and the Canadian dollar.
Since July,
oil prices have fallen significantly, and with them the revenue earned or expected from
oil sands projects, present and
future.
Proposed carbon pricing legislation in the U.S. as well as low carbon fuel standards being adopted by California and other states could make many
oil sands projects marginal or entirely uneconomic in
future.
But the
oil industry is pushing as hard as ever for their pet
project, and we need to show the president the connection between decisions to import tar
sands and a
future full of Sandys.
The first - of - its - kind proposal asked Chevron to increase dividend payments to shareholders instead of spending so much on unconventional
oil, tar
sands and other
projects that could be rendered unprofitable by
future climate policies or a related drop in
oil prices.
Proposed carbon pricing legislation in the U.S. as well as low carbon fuel standards being adopted by California and other states could make many
oil sands projects marginal or entirely uneconomic in
future.