Conservation and … Wall Street? Behind a really big deal
A $375M Indigenous-led conservation effort in the Northwest Territories is a triumph of collaboration —...
As a Canadian it blows my mind that we can have the second largest deposits of oil in the world, but our government remains billions in debt and one in seven Canadian children live in poverty.
I feel like we are being played for fools here in Canada, because foreign owned oil companies like ExxonMobil, British Petroluem and PetroChina (71% of oil sands production is owned by foreign shareholders) are making billions exporting raw tar sand from our country, while us citizens are dealing with all the nasty downsides.
Time for a tar sands reality check.
Here's the top 10 reasons Canada needs to rethink their unrelenting desire to expand tar sands operations:
1. The Canada tar sands isn't just an environmental issue, it is also a social justice, human rigths and health issue. A higher incidence of rare and deadly cancers has been documented in First Nations communities downstream of the oil sands by doctors, the Alberta Health Department and First Nations since 2007.
2. Like birds? Me too. Did you know that over 30 million birds will be lost over the next 20 years due to tar sands development?
3. 95% of the water used in tar sands surface mining is so polluted it has to be stored in toxic sludge pits. That’s 206,000 litres of toxic waste discharged every day.
4. Canada's tar sands make Hoover Dam look like lego blocks, because we are home to 2 of the top 3 largest dams in the world. The dams are used to hold back all that toxic sludge produced by mining tar sands.
5. Producing a barrel of oil from the oil sands produces 3.2 to 4.5 times more greenhouse gases than conventional oil produced in Canada or the United States. To put that in perspective, a Honda Accord burning tar sands gas has the same climate impact as driving a Chevy Suburban using conventional gas.
6. According to an annual climate change performance index, because of the tar sands, Canada's climate performance is the worst in the entire western world. We rank 58th out of 61 countries on the index, beating out only Kazakhstan (59th), Iran (60th) and Saudi Arabia (61st).
7. 11 million litres of toxic wastewater seep out of the tailing pits into the boreal forest and Athabasca river every day. That’s 4 billion litres a year. Anyone want to go fishing?
8. Norway has saved $644 billion in its petroleum production investment fund. Meanwhile, Alberta, where all the tar sands deposits are, has only saved $16 billion. There is no Canadian federal fund.
9. The International Energy Agency says up to two thirds of known fossil reserves must be left in the ground to avoid a 2°C global temperature rise. MIT reports that when a global price on carbon emerges to prevent climate change, it will make the oil sands economically non-viable.
10. And if you think the tar sands are going away, think again.The oil sands underlie approximately 140,000 square kilometres of Alberta – an area about the size of Florida. Oil sands leases cover about 20% of the province’s land area. If the oil companies have it their way, the tar sands operations are on a trajectory to triple in size, with literally no end in sight.
So there you go. The tar sands are paying off for the oil companies, while everyday Canadians see little upside, and a whole lot of downside.
Thanks to the Tar Sands Reality Check project for putting all these facts together, and getting them signed off by top experts.
Photo courtesy of Pembina Institute.
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