That’s the argument of a new report from Oil Change International that challenges industry’s common assumption that the continued production of oilsands crude is inevitable.
The report, Lockdown: The End of Growth in the Tar Sands, argues industry projections — to expand oilsands production from a current 2.1 million barrels per day to as much as 5.8 million barrels per day by 2035 — rely on high prices, public licence and a growing pipeline infrastructure — all of which are currently endangered in a carbon-constrained world.
As the report’s authors find, growing opposition to oil production — especially in (Read more…)