How to describe the laundry list of climate-killing gifts to Alberta that the MOU spells out? The depth of the betrayal goes beyond words. I felt ill as I read it. It’s not just the hard-won ground lost on climate policy, or the scale of the coming battle this document spells into view. On top of all that, there’s a sort of obscenity involved — the savage sight of a man brandishing his own abandoned values.
They are lucky if they have a working pipeline in 2040. We can already see EVs having a huge impact on oil demand. It looks like oil consumption in China is falling already and I would not be surprised if this is also the case in Europe. So Canada would sell into a shrinking market. Not only that but Canadian oil is expensive to produce. So there is a good chance it ends up burning money.
They are lucky if they have a working pipeline in 2040. We can already see EVs having a huge impact on oil demand. It looks like oil consumption in China is falling already and I would not be surprised if this is also the case in Europe. So Canada would sell into a shrinking market. Not only that but Canadian oil is expensive to produce. So there is a good chance it ends up burning money.