Environment & Energy
Related: About this forumCanada Oil Sands Project Scrapped
Ill take any good news at this point[link:https://www.cnn.com/2020/02/24/business/canada-oil-sands-project-scrapped/index.html|
knightmaar
(748 posts)... our railroads are currently blockaded (out west where the pipeline will go and, in sympathy, here between Toronto, Ottawa and Montreal) by aboriginal protesters.
That could be part of the reason for this pull out.
DanieRains
(4,619 posts)Unless we change lots soon.
Tar sands oil is the stupidest thing since leeches for sickness.
FBaggins
(26,778 posts)The tar sands have been struggling for a few years now. It made economic sense (ignoring externalities) at >$100/bbl... but fracking has changed the industry. Without the prospect of $100 oil in the reasonably near-term... nobody is going to invest billions in expanding tar sands production.
hatrack
(59,596 posts)It's around $50 or slightly less at the moment, and it's been bouncing around there for a couple of years.
iluvtennis
(19,891 posts)Hekate
(90,930 posts)JudyM
(29,294 posts)Duke Energy, Williams Cos. and partners end the $1B Constitution Pipeline project
https://finance.yahoo.com/m/0d4d6d39-1371-3d56-9c83-ad0f52191db0/duke-energy-williams-cos-.html