Shifting Sands: How a changing economy could bury the tar sands industry

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Dodgy deals
London, Jul 1 2009 | Greenpeace International

PLATFORM, Greenpeace and Oil Change International released a report pointing to a series of trends emerging from the growth forecasts of OPEC, the IEA and the EIA as evidence that the oil market could be undergoing a permanent structural shift.

The authors assert that previous oil demand growth forecasts have seriously underestimated the potential impacts of government policies aimed at securing energy supplies, reducing price volatility and tackling climate change. This ‘triple crunch’ of political imperatives has led to a widespread dampening of expectation among the world’s leading energy analysts.

Shifting Sands is the second update to the Rising Risks report.

Canadian tar sands
Canada
In the Canadian Boreal forest just downstream of the eastern foothills of the Rocky Mountains are the Canadian tar sands. The region contains some 2 trillion barrels of oil,…
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