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Wednesday, December 3, 2014

Tar Sands Development Financially Unsustainable, Report Shows

tar sands, oil sands, development, economics, environmental, financial, disaster, carbon tracker initiative, CTI, alberta, canada, energy, fossil fuels,


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.


tar sands, oil sands, development, economics, environmental, financial, disaster, carbon tracker initiative, CTI, alberta, canada, energy, fossil fuels, tar sands, oil sands, development, economics, environmental, financial, disaster, carbon tracker initiative, CTI, alberta, canada, energy, fossil fuels,



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