The flipside of stranded assets is stranded liabilities. On the one hand, investors are increasingly asking whether oil demand is or will soon be in terminal decline, and on the flipside, there's the cost of retiring long-lived oil and...
'Western Canada’s oil sands are high-cost ventures compared to most other types of oil resources,' shows Carbon Tracker’s recent report, Pipe Dreams: Why Canada's proposed pipelines don't fit in a Paris-compliant world."In an economically rational low-carbon world where structurally...
Reality is catching up to Alberta but it seems like those huge quantities of oil have a way of interfering with common sense. Albertans have been witnessing the death spiral of the Tar Sands with no end in sight....
A recent report by the International Institute for Sustainable Development. shows that Canada has spent $23 billion on pipelines during the past three years. The report came out about the time of the heat dome and the devastating heat...
The climate hypocrisy of the Trudeau government continues to elude most Canadians. A  recent report—What do Canadians Really Think About Climate Change—shows that 71% of us think our government’s actions on climate are good or acceptable. Even worse, 89%...
In Blowout, Rachel Maddow describes Big Oil as "the most destructive industry on earth." She tells "alarming stories about the impact of the oil and gas industry on the world today." We have one of those stories unfolding right...
The message from the IEA (International Energy Agency) is crystal clear: “There is no need for investment in new fossil fuel supply in our net zero pathway." As the world begins to shift to a net-zero future, there simply...
Canada's  Energy Future 2020 report—EF2020—could not be clearer. “Achieving net-zero (greenhouse gas) emissions by 2050 will require an accelerated pace of transition away from fossil fuels,” notes the report. Building more pipelines does the exact opposite. And yet, Prime...
A few days ahead of the 5th anniversary of the Paris Agreement, 18 NGOs released Five Years Lost - How Finance is Blowing the Carbon Budget. The report highlights 12 of the most devastating fossil fuel projects that are...
Over 260 organizations are calling on banks to not finance EACOP (East African Crude Oil Pipeline) with a $2.5 billion loan for a "manifestly irresponsible" project. The Royal Bank of Canada (RBC) is one of the 25 banks nearing...