Toronto, ON – Shell’s announcement to cancel the Pierre River Mine is just one more piece of evidence that expansion in the tar sands is far from inevitable. Due to a number of factors, including the high cost of production and the low price of oil, tar sands project cancellations are becoming more frequent than new proposals.
The 200,000 barrels per day project would have done what every other tar sands project is doing—compromised biodiversity, created toxic water pollution, and added to Canada’s carbon emissions. First Nations in the region, facing increasing health and environmental impacts, had been asking for the cancellation of this project in their traditional territory.
It’s time for the Canadian Association of Petroleum Producers (CAPP) to adjust its forecasts downward, again, since it’s clear that the dreams of massively expanding tar sands production are not coming true.
And it’s time for Canada not only to recognize the risks of hitching our economy to increasing oil production, but also to have a serious conversation about our place in the clean economy.
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