Canada’s Plan to Get Rich by Trashing the Climate

Canada's fossil fuel electricity has highest carbon emissions

By Stephen Leahy

Blame Canada is a four part series revealing how Canada has become a wealthy, fossil-fuelled energy superpower and an international climate pariah. For Part 1, click here.

Like every other country in the world, Canada has promised to help keep global warming to less than 2 degrees C. However Canada’s political and corporate leadership are committed to turning the country into a fossil-fuelled “energy superpower.”

With a drug lord’s just-providing-a-service hypocrisy Canada has openly declared it’s future is tied to the profits from dumping hundreds of millions of tonnes of climate-heating carbon into the atmosphere every year.

And the world’s new energy superpower plans to grow those annual emissions to 1.5 billion tonnes by 2020 giving one of the least populated countries a gigantic carbon bootprint.

Most of this climate-wrecking carbon energy will come from Canada’s tar sands located just underneath the pristine boreal forest and wetlands of northern Alberta. The oil industry likes to call them “oil sands,” although there is no liquid oil only a tarry bitumen mixed deep in the sandy soil.

With an estimated 170 billion barrels, the tar sands are the third largest crude oil reserves. Extraordinary efforts involving colossal amounts of water, heat, chemicals and machinery are needed to get the bitumen out of the ground and into pipelines. This the world’s largest industrial project with more than $300 billion invested since 2001 by the oil industry.

Nowhere has fossil energy expansion or investment been faster or larger. Environmental activists call it “Canada’s Mordor.”

Sandy: Don’t Curse Me, I Have Been Pumped Full of Fossil-fuel Steroids

There are estimates that I might cause $20 billion in damages in the US in addition to the $2+ billion in costs in the Caribbean. That’s a lot of money — enough to give every human on the planet $3. But it is only a fraction of the $600 billion the oil and gas industry is spending this year alone [2012 Harvard study, pg 8] in exploration and new production. That $600 billion investment in fossil fuels will bring far greater storms than I.

Read full post at Hurricane Sandy Speaks (crosspost)

Every Day Governments Give an Estimated $2 billion to Oil, Coal & Gas Industry – I hope You’re Not Hungry or Living on the Street

[Updated May 11 2012: At last a  serious plan to phase out these subsidies will be on the table at the Rio+20 meet in June. I will be following this closely – with your help – Stephen ]

Experts say the subsidy madness must stop. With unemployment high can governments facing recession summon the will to end the fossil fuel industries’ FREE RIDE?

By Stephen Leahy

BERLIN, Jun 29, 2010 (IPS)

Every day, governments give away an estimated two billion dollars of taxpayer money to the fossil fuel industry. This unmatched largesse to a highly profitable sector by countries verging on bankruptcy or unable to feed large numbers of their own people is “complete madness”, according to many experts.

In Toronto Sunday, at the conclusion of G20 summit, countries agreed the madness must be constrained if not stopped.

“I was impressed. I think the commitment to phase out fossil fuel subsidies has finally arrived,” said Mark Halle, director of trade and investment at the International Institute for Sustainable Development (IISD) European office in Geneva.

“With countries committed to cutting their deficits, it is hard to ignore giving billions of real money away to the fossil fuel industry or to keep fuel prices low,” Halle said in an interview.

Title: Offshore Description: Offshore platform...

The two-billion-dollars-a-day public subsidy for carbon- based fuels is a very conservative estimate based on the extensive research conducted by the IISD’s Global Subsidies Initiative, said Halle. Not only do such huge subsidies undermine policies on energy efficiency, they make it impossible for alternative energy sources to compete, he said. [See also Fossil Fuel Subsidies Are 12X (more like 20X) Support for Renewables, Study Shows — Stephen]

We can’t make the transition to low-carbon economies nor can the energy playing field be leveled without the elimination of fossil fuels. And time for that has finally come,” he said.

Others are less optimistic given the G8 and G20 track record for broken promises.

“It (the G20 commitment) fell short of vision and courage that is expected from global leaders in the light of the disastrous oil spill” in the Gulf of Mexico, said Darek Urbaniak of Friends of the Earth Europe. Urbaniak noted that BP, the company responsible for the spill, receives British and EU public subsidies.

Do you find this article interesting? It exists thanks to contributions from readers. Please click here to learn more about Community Supported Journalism. Continue reading