We’ve known for a long time that the Canada’s Tar Sands represent an environmental disaster, both in the present and future, but with a recent drop in North American oil prices it’s looking like they are also becoming somewhat of a financial disaster. Writing in The Ecologist, Gregory McGann posits the present price of oil and the predicted prices going forward won’t be enough to sustain the planned future development in the Tar Sands.
Read the rest of Tar Sands Development Financially Unsustainable, Report Shows
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Post tags: Alberta, canada, carbon tracker initiative, CTI, development, disaster, ECO:nomics, environmental, financial, fossil fuels, oil sands, renewable energy, tar sands
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