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The Dirty Truth about Canada’s Tar Sands Industry
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Green groups warn of message sent by blowout
CONKLIN, Alta. (CP) — Two environmental groups say a blowout last weekend at an oilsands project northeast of Edmonton shows why such projects aren’t safe.
The Energy Resources Conservation Board says Devon Canada Corporation’s Jackfish project blew out near Conklin Saturday, sending steam and oil into the air.
Additional excerpt:
Sheila Muxlow of the Sierra Club says the blowout shows the inherent risks of the oilsands.
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Environmental groups blast Devon Canada oilsands blowout in Alberta
CONKLIN, Alta. - Two environmental groups say a blowout last weekend at an oilsands project northeast of Edmonton shows why such projects aren't safe.
The Energy Resources Conservation Board says Devon Canada Corporation’s Jackfish project blew out near Conklin Saturday, sending steam and oil into the air.
Additional excerpt:
Sheila Muxlow of the Sierra Club says the blowout shows the inherent risks of the oilsands.
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Canada Pension Plan Investment Board's response to John Bennett
Recently, Sierra Club Canada learned that the Canada Pension Plan Investment Board (CPPIB) is investing $250 million of Canadians' money into the tar sands. Our Executive Director wrote the CPPIB a letter, asking them to account for fueling catastrophic climate change. Here is their response.
Dear Mr. Bennett,
Re: CPP Investment Board's Consideration of Environmental Risks
Thank you for your letter dated July 7, 2010 regarding the CPP Investment Board's (CPPIB) approach to environmental risks.
By way of brief background, the CPPIB's mandate, as set out in our legislation, is to maximize the investment rate of return for the CPP Fund without undue risk of loss. Our long-term goal is to contribute to the financial strength of the CPP to help sustain the future pensions of 17 million Canadian contributors and beneficiaries.
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Green Jobs
Greenpeace has been a vocal opponent of Alberta’s reliance on oil, publicizing and protesting Alberta’s environmental track record. In 2007, our province produced over 240 million tonnes of greenhouse gas — about 50 million tonnes more than Ontario — which gives us the dubious distinction of Canada’s most prolific polluter (goes well with our “Texas of Canada” moniker).
But look right and you’ll see the inevitable counter-argument: for starters, it would be wildly unrealistic to expect anything close to closure of the oil sands. Oil drives Alberta’s economy. Currently, the fossil fuel extraction industry directly employs nearly 150,000 Albertans with high-paying jobs, not to mention the fact that the oil and gas industry accounts for 30 per cent of Alberta’s GDP.
Additional excerpt:
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A letter to the Canada Pension Plan Investment Board
Submitted by John Bennett on Wed, 2010-07-07 11:03
I just learned the Canada Pension Plan has invested $250 million in a tar sands plant so I have written David Denison, President and CEO of the Canada Pension Plan Investment Board, to share my thoughts. You should too.
Dear Sir,
I read with dismay that my contribution to the Canada Pension Plan will be used to fuel catastrophic climate change. I presume this is a strategy to reduce future benefit payments by shortening the life span of Canadians. The stress alone from droughts, floods and extreme storms will have a devastating effect.
I can understand the potential benefits for my surviving children and grandchildren, but I would rather everyone live to a ripe old age.
I also wonder how you could be so oblivious to the urgency of the climate crisis that you do not realize burning fossil fuels - however profitable - causes climate change.
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