-LSB-...] assertion that
oil sands development amounts to a climate «game over.»
Not exact matches
It adds that «approval or denial of the proposed project is unlikely to have a substantial impact on the rate of
development in the
oil sands, or on the
amount of heavy crude
oil refined in the Gulf Coast area.»
Based on information and analysis about the North American crude transport infrastructure (particularly the proven ability of rail to transport substantial quantities of crude
oil profitably under current market conditions, and to add capacity relatively rapidly) and the global crude
oil market, the draft Supplemental EIS concludes that approval or denial of the proposed Project is unlikely to have a substantial impact on the rate of
development in the
oil sands, or on the
amount of heavy crude
oil refined in the Gulf Coast area.
On the contrary, Figure 1 is a conservative estimate of potential emissions from tar
sands because: the economically extractable
amount grows with technology
development and
oil price; the total tar
sands resource is larger than the known resource, possibly much larger; extraction of tar
sands oil uses conventional
oil and gas, which will show up as additions to the purple bars in Figure 1;
development of tar
sands will destroy overlying forest and prairie ecology, emitting biospheric CO2 to the atmosphere.