BANKING AND CREDIT NEWS-December 5, 2018--Customers petition Barclays for its involvement in
tar sands industry
M2 EQUITYBITES-December 5, 2018--Customers petition Barclays for its involvement in
tar sands industry
Global Banking News-December 5, 2018--Customers petition Barclays for its involvement in
tar sands industry
It carries
tar sands oil from the Boreal forests of Alberta, Canada.
The original purpose of the Keystone XL was to capture the highest possible price for
tar sands crude.
By the time President Obama announced he would reject the proposed Keystone XL pipeline to carry crude oil from Canada's
tar sands to the Gulf Coast, the project was already on life support.
In the face of concerning studies predicting an impending water crisis in the Athabasca River Basin, the Natural Resources Defense Council is calling for the Alberta government to re-evaluate the water use licenses granted to the
tar sands industry.
Recent tar-sands oil spills such as the Exxon-Mobil pipeline spill in Arkansas in 2013 and the Enbridge
tar sands spill in Michigan in 2010 are noted.
But thanks to massive
tar sands development subsidies, and with complete disregard for either the disastrous environmental consequences or the rights of First Nations, Harper has managed to turn Canada into an "energy superpower." The result?
But environmentalists are worried about the impact of increasing "
tar sands" oil development there and the impact it might have on wildlife populations continent-wide.