Tag Archives: Shell

Writing Off Oil Sands Investments

It has been a week since the Supreme Court decided it will not hear an appeal by the Squamish Nation, Tsleil-Waututh Nation and Coldwater Indian Band. Trans Mountain currently has 4,919 people working on its controversial pipeline expansion. This project is expected to bring a sevenfold increase in the number of oil tankers plying the waters off Greater Vancouver. Yet even while we read that this project is going forward, another giant oil company is writing off oil sands investments. 

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Preparing for the Carbon Bubble

Business as usual is no longer a viable option for the fossil fuel industry. At the present rate of consumption, the world is heading towards a 6°C rise in global temperatures. Fossil fuel companies are exposing their investors to financial and climate risk. These were among the many topics discussed at the BC Sustainable Energy Association Webinar “The Carbon Bubble – Unburnable Fossil Fuels,” with Mark Campanale of the London-based Carbon Tracker Initiative.

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