This is exactly what the coal and
oil sands companies want you to do and it is, unfortunately, a recipe for failure.
Not exact matches
On the flip side, if
oil prices fall the
oil sands are the last place energy
companies will
want to be.
The Canadian energy
company TransCanada
wants to build Keystone XL to carry
oil from the tar
sands of Alberta, Canada, to Nebraska.
Both were shocked during yesterday's testimony by TransCanada (the
company who
wants to build the Keystone XL tar
sands oil pipeline across the US) officials who said, «Diluted bitumen [tar
sands oil] is not any more corrosive than conventional crude.
They
want the Obama administration to reject a Canadian
company's application to construct the $ 7 billion, 1,702 - mile pipeline, which would carry heavy crude from the
oil sands mines of Alberta to refineries along the Gulf Coast.
The reason that the Alberta and Canadian governments, along with the
oil companies, desperately
want the Keystone XL pipeline is because it will encourage more capital investment in new
oil sands projects, effectively locking in a revenue stream for decades.