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Petroleum Giant Pulls Out of Tar Sands Projects in Favor of Wind Power

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With a loss of confidence looming over the Keystone XL pipeline, along with a drop in oil prices, many big companies are opting to halt their plans to extract oil from the Alberta tar sounds.

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Within the last year alone, Shell, the French energy company Total, and SunCor Energy of Canada have stopped their contribution to the tar sands projects. Norwegian oil giant Statoil is now the most recent company to pull out.

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Statoil pulled its investments from the projects after winning a contract to construct an offshore wind farm in U.S. waters. The company reportedly sold off its tar sand assets within hours of learning of its victory for the wind farm off the coast of New York state.

The option to develop the wind facility put Statoil in the spotlight, particularly as public opinion has shifted from supporting oil extraction to cleaner alternatives. The victory for the oil giant came after a stressful bid process, but the outcome proved worthwhile, and now Statoil has joined a new coordinated program that will develop a series of wind farms off the Atlantic coast.

The Keystone XL pipeline, according to Brian Palmer of OnEarth Magazine, is necessary in order for tar sands projects to become profitable. He said that, without it, “a marginally profitable business [turns] into a completely unprofitable business — and that’s scaring oil producers off of tar sands projects.”

Tar sands oil is a significantly lower quality of version of crude oil, and so it sells for much less than the conventional type. While conventional crude oil is currently being sold for about $80 a barrel, tar sands oil sells at $20 to $30 dollars less. Also important to note is that, while it costs about $25 per barrel to transfer tar sands crude by rail from Alberta to the Gulf of Mexico, the Keystone Pipeline would allow an immense cut, from $25 to $9 a barrel.

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If the price of tar sands oil continues to drop, and companies have to pay that extra $15 to $20 for oil-by-rail indefinitely, then suddenly the long-term viability of tar sands project will become very dubious, Palmer says. He also notes:

You need to move huge amounts of equipment to a very remote place in northern Canada to get the tar sands out of the ground. You need additional equipment to separate the bitumen — the stuff that actually makes oil — from the sand and clay. Then you need even more equipment to cook that down and turn it into something that vaguely resembles crude oil. When all of that is done, you still have to get the stuff to a refinery.

Oil companies and politicians in Canada have promoted two other pipelines to eliminate the need for the Keystone pipeline, however.

“The Energy East pipeline is sort of a Canadian version of Keystone XL, and it’s getting the same reaction in Canada that Keystone XL got in the United States,” Palmer explains. “Once it became a serious issue, lots of Canadian environmental groups started raising a fuss about it — for good reason.”

The Alberta Clipper is another proposal in the works, and would carry oil to Superior, Wisconsin. But Palmer says that plan isn’t going anywhere:

The issue is not expansion up until now. It’s future expansions. . . . If you’re an oil executive and you want to invest in a project that’s going to take 30 years, but you have no reason to believe it’s ever going to become profitable because you don’t have a pipeline, you’re going to have a hard time convincing your shareholders that’s a good idea.

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Alternative News

Climate Change: Moving Beyond The CO2 Narrative & Seeing Planet Earth For What It Really Is

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In Brief

  • The Facts:

    New documentary called Regenerate: Beyond The C02 Narrative explores how we can truly regenerate our environment. The current mainstream focus on C02 is not the answer.

  • Reflect On:

    Are we viewing the earth as a mechanical machine? Are we living in a society built on disconnection? Do we value maintaining the status quo more than creating a thriving life for all?

I have a new film I want to share with you, one that I was very passionate about creating because I believe it has the power to truly change the way we think about our environment.

I’ve been researching the topic of climate change for over 10 years, and the one thing I can honestly tell you, no matter what political side you are on or what you think the science says: the topic is very dizzying. No, it’s not as simple as the oil companies are faking science to show dangers to our climate are not as bad. No, it’s not as simple as lowering CO2 emissions, in fact, that is an incredibly misleading narrative. What we have to do is much different than that.

One thing I will say is this, many of the current propositions we see from governments, companies and mainstream media are designed to work within our economy. Economy first, environment second. They are also designed not to have humanity question their relationship with things like nature, money, life, who we are and why we are even here. They are designed to maintain the status quo. For that reason, they are often linear, mechanical ideas that disregard the true nature of the earth and the environment.

Those who have really gone deeply into the subject of climate change see this very quickly: you cannot simply solve our climate woes by planting more trees or lowering CO2 emissions, as you are just looking at one TINY aspect to the puzzle, and this direction won’t actually help the planet, it will only make us think we are helping.

Coming to these realizations over the last 10 years is what inspired me to create a film that would unite people. It’s a film that doesn’t argue about who’s to blame, what the causes of climate change are and so forth, it’s instead a film that looks at the core of the issue, and how we can actually create the changes that are needed at this time.

In short, the biggest challenge we face right now is that we live in a mindset and paradigm of disconnection and linear, mechanical thinking. This has led to the creation of a world that takes only individual parts into consideration, and not the whole. This thinking provides the experience of what it looks like to create from disconnected and destructive points of view. Sifting out of this thinking and state of being, into one of connection, is the challenge before us. When we do this, it will begin to reshape policy, choices, actions and creations that influence our world, way of living and how we relate to the earth.

Due to the Coronavirus lockdown everyone is experiencing right now at home, I’ve decided to make the film Regenerate: Beyond The CO2 Narrative, free for everyone to watch.

Below is a trailer to check out the film. If you wish to watch this film entirely, click here.

Watch Now Free: The 5G Summit

The 5G debate is going to be one of the biggest social issues of our time in the next year or two. Understanding the basics behind 5G dangers will be very important.

Sign up now and start watching today's interviews before they are gone. Hear from 40 of the world's leading experts on the subject, all FREE! You can also download our free ebook on the science of 5G once you sign up!

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Alternative News

The Earth Day Documentary That Will Change Your Whole Perspective On Climate

Published

on

In Brief

  • The Facts:

    New documentary called Regenerate: Beyond The C02 Narrative explores how we can truly regenerate our environment. The current mainstream focus on C02 is not the answer.

  • Reflect On:

    Are we viewing the earth as a mechanical machine? Are we living in a society built on disconnection? Do we value maintaining the status quo more than creating a thriving life for all?

It’s Earth Day, a time where we reflect on and consider what our relationship with the Earth is like. Are we in harmony with it? How do our daily actions affect it? What can we do to truly be in better relations with our earth, not so we can just sustain, but so we can truly thrive? Well, I have a new film I want to share with you, and it’s one that I was very passionate about creating because I believe it has the power to truly change the way we think about our environment.

I’ve been researching the topic of climate change for over 10 years, and the one thing I can honestly tell you, no matter what political side you are on or what you think the science says: the topic is very dizzying. No, it’s not as simple as the oil companies are faking science to show dangers to our climate are not as bad. No, it’s not as simple as lowering CO2 emissions, in fact, that is an incredibly misleading narrative. What we have to do is much different than that.

One thing I will say is this, many of the current propositions we see from governments, companies and mainstream media are designed to work within our economy. Economy first, environment second. They are also designed not to have humanity question their relationship with things like nature, money, life, who we are and why we are even here. They are designed to maintain the status quo. For that reason, they are often linear, mechanical ideas that disregard the true nature of the earth and the environment.

Those who have really gone deeply into the subject of climate change see this very quickly: you cannot simply solve our climate woes by planting more trees or lowering CO2 emissions, as you are just looking at one TINY aspect to the puzzle, and this direction won’t actually help the planet, it will only make us think we are helping.

Coming to these realizations over the last 10 years is what inspired me to create a film that would unite people. It’s a film that doesn’t argue about who’s to blame, what the causes of climate change are and so forth, it’s instead a film that looks at the core of the issue, and how we can actually create the changes that are needed at this time.

In short, the biggest challenge we face right now is that we live in a mindset and paradigm of disconnection and linear, mechanical thinking. This has led to the creation of a world that takes only individual parts into consideration, and not the whole. This thinking provides the experience of what it looks like to create from disconnected and destructive points of view. Sifting out of this thinking and state of being, into one of connection, is the challenge before us. When we do this, it will begin to reshape policy, choices, actions and creations that influence our world, way of living and how we relate to the earth.

Due to the Coronavirus lockdown everyone is experiencing right now at home, I’ve decided to make the film Regenerate: Beyond The CO2 Narrative, free for everyone to watch.

Below is a trailer to check out the film. If you wish to watch this film entirely, click here.

Watch Now Free: The 5G Summit

The 5G debate is going to be one of the biggest social issues of our time in the next year or two. Understanding the basics behind 5G dangers will be very important.

Sign up now and start watching today's interviews before they are gone. Hear from 40 of the world's leading experts on the subject, all FREE! You can also download our free ebook on the science of 5G once you sign up!

Click here to register now!

Continue Reading

Alternative News

Food Is The Problem & Solution: This Video May Knock Your Socks Off

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South Central Los Angeles is notorious for its drive-by shootings, where shooters kill their victims without ever leaving their cars. And it’s also the home of drive-through restaurants where people eat fast food without ever leaving their cars.

–> It’s time for a food revolution. Get the latest cutting-edge insights from 25 of the world’s most trusted food and nutrition experts during this free event.

Why does Ron Finley, the “gangsta’ gardener,” say that the drive-throughs are killing more people than the drive-byes?

Inner city communities often have little or no access to healthy food. As a result, people who live in these “food desserts” have extremely high rates of cancer, diabetes, heart disease, obesity, and many other diet-fueled chronic ailments.

But now, here is a bright beacon of hope. Ron Finley feeds the hungry, and brings real food to the people that need it most. He grows not just vegetables, but also the very fabric of community itself.

When you watch this powerful video, you will, I am certain, be deeply inspired.

Prepare, frankly, to get your socks knocked off.

It’s Time For A Food Revolution

The world is changing fast with disruptions of food, commerce and social connection altering our lives in profound ways. This global pandemic makes one thing abundantly clear: Your health needs to be a priority. Not just someday, but right now.

Among the major risk factors for infections of all kinds, including coronaviruses, are obesity, heart disease, asthma, type 2 diabetes, and other chronic illnesses. The modern American diet is a recipe for the very conditions that make you vulnerable!

We don’t want you or the people you love to be victims of a toxic food culture. Especially not now. We want to help keep you safe.

During the Food Revolution Summit, you’ll get the most up-to-date research and information about food, nutrition, disease prevention, immune health, and environmental stewardship.

Speakers including:

Vandana Shiva, PhD
Anthony William
Christiane Northrup M.D.,
Joel Fuhrman M.D.,
Dean Ornish, M.D.,
Daniel Amen M.D.,
Michael Greger M.D.,
David Perlmutter M.D.,
Neal Barnard M.D.,
Mark Hyman M.D… just to name a few.

Join the free 2020 Food Revolution Summit to get the most up-to-date research and information about food, nutrition, disease prevention, and environmental stewardship from 25 of the top food experts on the planet. It’s a virtual event — so you can join from anywhere in the world.

Click here to find out more about the summit and to reserve your spot today.

Watch Now Free: The 5G Summit

The 5G debate is going to be one of the biggest social issues of our time in the next year or two. Understanding the basics behind 5G dangers will be very important.

Sign up now and start watching today's interviews before they are gone. Hear from 40 of the world's leading experts on the subject, all FREE! You can also download our free ebook on the science of 5G once you sign up!

Click here to register now!

Continue Reading
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