Monday, October 22, 2012

Alberta Oil Not So Ethical

An international group of ethical funds with investments in Alberta's oilsands is concerned the industry's environmental performance could be creating financial risk.


Ceres considers greenhouse gas emissions a risk because the industry's rosy forecasts of U.S. export growth don't account for the potential impact of low-carbon fuel standards, now under consideration or implemented in 14 U.S. states.

Ceres estimated in 2010 that if such regulations eventually cover half of the U.S. market, the export potential for oilsands crude would be reduced by 25 per cent. If such regulations were implemented federally, markets for the oilsands fuel could shrink by a third.

Ceres is these guys.  So, hardly enviro terrorists.

1 comment:

meadowlark said...

There is no such thing as, ethical oil. It's all bad. The oil in the tar pits, is the dirtiest oil on the planet. The tar oil is as solid as a hockey puck. To make the Bitumen flow freely in the pipes, they have to add lethal corrosive chemicals.

Selling the tar pits out to Communist China, is not ethical either. Especially when, Harper gave all the jobs that go with the process of the extracting and refining the oil, to China as well. All company's can bring in cheap labor to exploit, by Harper's full permission.

The tar oil isn't ethical. Neither are Harper nor China, are ethical either.