Why oilsands are the highest risk investment
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- Published on Wednesday, 21 May 2014 10:20
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The National Energy Board (NEB) raised some eyebrows recently when it rejected 468 citizens — including 27 climate experts and the MP for Burnaby — from weighing in on the Kinder Morgan’s Trans Mountain oil pipeline proposal, which would triple the amount of oilsands bitumen shipped from Alberta to the B.C. coast.
New Report Names Alberta Oilsands as Highest Cost, Highest Risk Investment in Oil Sector
A total of $1.1 trillion USD earmarked for risky carbon-intensive oil sector investments need to be challenged by investors, according to a new report recently released by the Carbon Tracker Initiative.
The research identifies oil reserves in the Arctic, oilsands and in deepwater deposits at the high end of the carbon/capital cost curve. Projects in this category “make neither economic nor climate sense” and won’t fit into a carbon-constrained world looking to limit oil-related emissions, Carbon Tracker states in a press release. READ MORE
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Former TransCanada employee and engineer Evan Vokes, who released thousands of pages of records after he was dismissed by the corporation in 2012, believes that a newly acquired internal email shows his managers tried to discredit him for raising the alarm on their safety practices. READ MORE
Salish Sea Orca Whales Not Mating, Socializing in Polluted Soundscape
Vessel noise is already hindering endangered southern resident killer whales from communicating and finding fish and the noise bombardment will get worse if proposals for coal terminals and pipelines in B.C and Washington State are approved, said scientists and environmentalists at a conference looking at the health of the Salish Sea. READ MORE
Anxious Communities Still Without Answer on Fate of Site C Mega-dam After JRP Report Release
The proposed Site C dam on the Peace River is the best alternative for providing B.C. with reliable cheap power, but BC Hydro has not proved that the power is needed in the immediate future, says a much-anticipated report by the federal Joint Review Panel.
The report does not give a definitive yes or no answer to the planned 1,100 megawatt dam, which will flood about 5,500 hectares of land, but includes 50 recommendations on issues such as threats to endangered wildlife, health effects for those living in the area and destruction of First Nations heritage sites. r0


