BANKING AND CREDIT NEWS-December 5, 2018--Customers petition Barclays for its involvement in tar sands
M2 EQUITYBITES-December 5, 2018--Customers petition Barclays for its involvement in tar sands
Global Banking News-December 5, 2018--Customers petition Barclays for its involvement in tar sands
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
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
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?
The Alberta delegation marched with the "Tar Sands
Bloc," dedicated to voicing their opposition to the expansion of dirty, carbon-intensive tar sands
and calling for a moratorium on dangerous tar sands
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.