Here's the link
https://yaleclimateconnections.org/2...ing-a-big-hit/
Funny that berry the cherry picker only takes snippets of quotes that are similar talking points on FOX news...hmmm ��
Mining bitumen strips away forest cover and topsoil, leaving acre upon acre of barren, black ground. The post-processing tailings are piped into vast ponds, which contain an “acutely toxic” mixture of water, sand, hydrocarbons, ammonia, acids, and heavy metals. The total volume of wastewater currently exceeds 4 billion gallons and counting, with 1.5 gallons of tailings waste produced for each gallon of bitumen. Scientific studies have detected toxins in the aquatic environment downstream from oil sands production, and a 2017 analysis estimated that cleanup costs will exceed the value of oil sands royalties collected by the province of Alberta.
Investors and oil majors flee
Given the high cost, outsized environmental impacts, and financial headwinds, many investors and corporate partners are leaving the industry behind. According to the Institute for Energy Economics and Financial Analysis, 57 major financial institutions have pledged to stop funding or insuring oil sands ventures. Exxon Mobil has declared a loss on the original value of its oil sands assets, and Chevron has pulled out of Canadian oil and gas entirely. Other oil majors like Shell and BP are selling off their oil sands assets, leaving it largely to Canadian oil companies and the Canadian government to forge ahead.
Also
U.S. oil market has transformed since Keystone XL was proposed
The Keystone XL pipeline would have added 830,000 barrels per day of export capacity, carrying oil from Alberta to Nebraska where the pipeline would have linked into existing segments of the Keystone pipeline system.
The Keystone XL section of the pipeline was proposed initially in 2008, under different circumstances than exist now. At that time, the U.S. imported over 11 million barrels of oil per day, and adding a Canadian supply of oil was a strategy that proponents said would help both nations.
While the Keystone XL pipeline became mired in turmoil, the oil industry was undergoing a historic transformation as the U.S. began producing oil from shale deposits as a result of the technological advances of horizontal drilling and hydraulic fracking. From 2008 to the end of 2020, U.S. oil production increased by 143%, and by 2020 the U.S. became a net oil exporter and the world’s largest oil producer.
The pipeline project no longer serves the dual purposes of both countries. In some ways, importing Canadian oil adds competition to domestic oil producers. Furthermore, there is a certain amount of irony that Canadians rejected two of their own pipelines while the Keystone XL project places similar burdens on Native American communities, waterways, agricultural land, and ecosystems.
In the end, it's more to benefit Canada financially, but is not the only method out there to get sub- quality tar oils to the USA for refining. As I mentioned before, the oil can get here, or the current producers will begin to bring on more wells. The better way to understand this, is that oil producers see this as another way to profit and windfall taxes will likely result. But in the meantime, the price of gasoline is a global speculation and will continue to move with uncertainty in the market. Repturds say it's because of Biden, but it's only because this fits the narrative that if it's bad, it's Biden. Pipelines Are not without possible drawbacks just like when they hacked the colonial pipeline with a password hack, and stopped access fora weeks and prices jumped then too. I do think we need to stabilize oil pricing which is why the USA is bringing on ALL sources of oil so as to not have a single supplier issue.
