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“Chinese in $2 Billion Tar Sands Deal”


Andy Rowell on the Oil Change blog

To paraphrase the great writer Samuel Langhorne Clemens, better known as Mark Twain: “Rumors of my death have been greatly exaggerated!”

And so it is with the tar sands, one of the hottest debates in the energy industry. Its growing army of critics argue this highly polluting technology will help tip the world towards climatic catastrophe. Its defenders talk of energy security, even if short-term energy security means long-term climatic insecurity and chaos. But as The Economist pointed out yesterday, “Critics of the exploitation of Canada’s tar sands watched gleefully this year as the collapse in the oil price did what their opposition could not: dent the oil industry’s enthusiasm for this mixture of sand and bitumen”

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