U.S., in Reversal, Issues Permit for Keystone Oil Pipeline - News Summed Up

U.S., in Reversal, Issues Permit for Keystone Oil Pipeline


Mining the oil sands requires vast amounts of energy for extraction and processing. In addition, interest among many oil companies in the oil sands is waning amid sluggish oil prices. In recent weeks, Royal Dutch Shell agreed to sell most of its oil sands assets for $8.5 billion. That argument has been weakened somewhat with the fall in oil prices in recent years that has made oil sands production less attractive on oil markets. “We’ll use every tool in the kit to stop this dangerous tar sands oil pipeline project,” said Rhea Suh, president of the Natural Resources Defense Council.


Source: New York Times March 24, 2017 12:00 UTC



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