environment

Another Sign Just Came in That Tar Sands Operations Are on Life Support | Common Dreams

ban-tar-sands

Royal Dutch Shell announced Thursday that it is selling off the majority of its tar sands assets, as its chief executive noted dwindling “societal acceptance of the energy system as we have it.”Of the $7.25 billion deal with energy company Canadian Natural, Shell said in a statement that it will “sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60 percent to 10 percent.”

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Days after his swearing in, however, President Donald Trump signed an executive order advancing the Keystone XL tar sands pipeline, which would bring crude from the Alberta tar sands to the Gulf Coast.

“But as Big Oil abandons the tar sands,” Doctorow continued, “there’s simply no case for building pipelines to bring the oil that will never be extracted from them to ports that will never ship it.”

The announcement from Shell also comes on the heels of an investigation that showed that it, much like Exxon, knew for years of the risks of fossil fuel extraction had on the climate yet continued to lobby against climate legislation and push for fossil fuel development.

Source: Another Sign Just Came in That Tar Sands Operations Are on Life Support | Common Dreams

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