According to Carbon Tracker, the roughly $ 400 billion committed to Alberta
oil sands projects between now and 2025 represent more than a third of high - risk projects expected to become stranded assets in a 2 - degree world.
Not exact matches
The interview is a bit of pure madness, but it brings up an interesting point about the financial media's continued inability to understand the difference
between a trend and three or four deals involving
oil sand projects and how assets factor into individual balance sheets.
Probably the most discussed aspect of the NGP Report (see this excellent discussion on CBC's The 180 beginning at around the seven minute mark) is the JRP's treatment (or lack thereof) of «upstream» greenhouse gas emissions (GHGs), and specifically the apparent asymmetry
between the JRP's decision to consider the need to open markets for
projected increases in
oil production — the vast majority of which would uncontrovertibly be from the
oil sands — but not the GHGs associated with this
projected growth.
We did not consider that there was a sufficiently direct connection
between the
project and any particular existing or proposed
oil sands development or other
oil production activities to warrant consideration of the effects of these activities.
In fact, absent new measures Environment Canada's 2014 emissions trends report
projected that
oil sands emissions would drive increased emissions from the
oil and gas sector of 45 Mt CO2e (to a total of 204 MtCO2e)
between 2005 and 2020, offsetting the emission reductions made in other sectors.
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.
Even the U.S. State Department recognized
oil sands innovation in its evaluation of the Keystone XL pipeline project: «Oil sands mining projects have reduced greenhouse gas emissions intensity by an average of 39 percent between 1990 and 2008 and are working toward further reductions,» the final Environmental Impact Statement conclud
oil sands innovation in its evaluation of the Keystone XL pipeline
project: «
Oil sands mining projects have reduced greenhouse gas emissions intensity by an average of 39 percent between 1990 and 2008 and are working toward further reductions,» the final Environmental Impact Statement conclud
Oil sands mining
projects have reduced greenhouse gas emissions intensity by an average of 39 percent
between 1990 and 2008 and are working toward further reductions,» the final Environmental Impact Statement concluded.