Climate Change, Tar Sands and non binding referendums - Kitamat BC is ground zero in the Climate Change cost benefit experiment. Despite the overwhelming corporate and political forces thrown at a local group organized by a postman, the Tar Sands lost 40% to 60%. This is the end of the Gateway Pipeline, maybe Keystone as well.
All I have read about the North American Energy Sector is how fracking has changed the equation. Yet despite this flood of new supply, consumer prices for natural gas and oil continue to soar. Ironically for the tar sands its a snake eating its tail. Can't make oil from tar without hugely ineffective use of Natural gas. As I have said before the tar sands is like a Goodfellas Bustup where the Government is the Mob and the people of Canada are the patsys.
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