A lot of the countries in the world about which everyone says, “look at Norway or Denmark or Sweden, how great their subway systems are,” built these with money they made selling oil. They have a right to a childhood free from politics. Article Sidebar. To produce just one barrel of oil, these trees are felled, and tons of earth are scooped up by massive backhoes. Amber Bracken/The New York Times News Service. The Motley Fool Canada » Investing » The Good and the Bad From Canada’s Oil Sands, Benjamin Sinclair | April 21, 2014 | More on: BTE IMO BTE IMO. FYI, I am pro-Paris Agreement. In that sense I support the teaching of controversial material, as it must surely be an improvement over the politically correct tripe all too often evident. Trump rolls back fuel efficiency standards while his EPA chief celebrates the country’s clean air (achieved by past administrations). That’s how they will learn, and they’ll be the ones making the decisions on our behalf one day. Similar happened in my child’s class. There are current barriers that make exporting tar sands to overseas markets impossible in the near term and highly unlikely over the medium- to long-term. Get the Opinion newsletter. He is in a school in a farming neighborhood. Because the crude would be trapped in North America, producers would have to sell it at a deep discount, costing them $20 (U.S.) on every barrel they sell. –D Ludd, Try having that same Grade 4 lesson in Toronto, but substitute “racialized diversity” for “oil sands” and see how it goes. Indeed, the Harper government has spent considerable political capital defending the industry. Two men kept the dream alive: Social Credit Premier Ernest Manning and Pittsburgh industrialist J. Howard Pew, president of Sun Oil Co. Manning never lost sight of the economic potential that the oil sands held for his province. I promise not to piss it all away next time.” And while the collapse of international prices was a critical reason for Alberta’s 1980s bust, Ottawa and its interventionist National Energy Program will always share the blame in the minds of many Albertans. Construction of the Keystone XL pipeline would lead to greater demand for tar sands oil. About 99% of this area is currently under lease. The company’s flagship mining project, Kearl, has 4.6 billion barrels of bitumen resource and a projected life of 40 years or more. In the half-century since, oil sands producers have overcome the challenges of subarctic climate and wrenching oil price crashes. And there is an abiding fear in Calgary that Ottawa will again remove the punch bowl, spurred on this time by climate concerns rather than economic nationalism. When tar sands is spilled in water bodies, it will sink. The industry was born 50 years ago with the largest single private investment made in Canada to that date, a $250-million bet by a forerunner of today’s Suncor Energy Inc. It was also a good opportunity to show her my income-tax return so she could see for herself how much money the government takes away from our family every year to pay for things that other people call “free.” –theobservant1. Audio for this article is not available at this time. About 80 per cent of the oil in Northern Alberta can only be recovered by using a process known as steam-assisted gravity drainage (SAGD). Please read the Privacy Statement and Terms of Service for more information. In Donald Trump’s war on the environment, Americans’ complacency is his greatest ally. Parsons, It seems like teachers right across Alberta are not being “balanced” or fair. Environmentalists are imploring President Obama to reject the pipeline, pointing to the threat that the oil sands pose to the environment. The Iranian revolution generated even more enthusiasm, as Albertans became known in the rest of Canada as “blue-eyed sheiks.” But what goes up too fast tends to come down with a thud. This dirty, dangerous oil, which is almost impossible to clean and affects the health of people, is bad news for our country—and the planet. That means: Comments that violate our community guidelines will be removed. At the same time, the tar sands industry has plans for even greater expansion. For more than a decade, we've fought to keep this filthy fossil fuel from being dredged up and piped through the United States. A drilling rig gets packed up after drilling an oil well near Calgary, on Nov. 13, 2019. * Tar Sands Photos: The Athabasca River near Fort McMurray, Alberta, David Dodge, The Pembina Institute; and Oil sands mining, Chris Evans, The Pembina Institute, both courtesy of oilsandswatch.org. At stake is Canada’s largest export industry, one whose economic clout extends far beyond Alberta to labour markets on the East Coast, to Toronto’s financial district, and to a supply chain that extends across North America. Not to alarm you, but you’re about to miss an important event. Some information in it may no longer be current. I hope it’s not the norm and I don’t think it is. Greg Stringham, vice-president of the Canadian Association of Petroleum Producers, acknowledges that the oil sands’ emissions will increase so long as production expands at projected rates. Pressure will grow for Canada to table a national emissions-reduction strategy as countries work to achieve an international agreement at a United Nations-sponsored climate summit in Paris next year. 3 Beaten-Down Stocks Look Attractive, Aphria (TSX:APHA) Stock Plunges: Marijuana Industry in Trouble. Technology changes and attitudes change, and suddenly this natural thing that we thought we could exploit and sell to someone else won’t be worth much any more. Relying too heavily on oil sands could be bad for Canada's economy, report warns. The Harper government vilifies pipeline opponents as radicals bent on undermining the national interest, while environmentalists paint the Prime Minister as public enemy No. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. Conversely, when a company neglects the environment, it’s a sign that management just wants to make its numbers. Industry proponents argue Canada’s national prosperity depends on the oil industry’s access to new markets, especially in fast-growing Asia. Further Expansion is Envisioned, Driving Up the Tally. In a country where one province discriminates against another’s winemakers, it’s small wonder the biggest question on interprovincial crude pipelines is: What’s in it for me? Welcome to The Globe and Mail’s comment community. I teach in a technical institute and employers are constantly begging us to teach our students to think critically. But the story is not as simple as either side claims. Harper has strained relations between his government and the administration of President Barack Obama, which has delayed a decision on the proposed Keystone XL pipeline. Imperial Oil (TSX: IMO)(NYSE: IMO) may be best known for its Esso gas stations, but it is also one of the oil sands’ top producers. Crude oil, and other petroleum products, is transported in rail tanker cars on a Canadian Pacific Railway train near Medicine Hat, Alta., on Sept. 6, 2018. Compared to conventional oil, tar sands takes more energy to extract and refine, and therefore its production is three- to four-times more greenhouse gas intensive. (Ian Willms for ROB Magazine), Due to technical reasons, we have temporarily removed commenting from our articles. The Line 3 pipeline project has kept a low profile, but the stakes couldn’t be higher for the indigenous communities it threatens—and our climate.

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