Thursday, 29 November 2012

U.S. Greens Shut Down Canadian Oil

For U.S. foundations, this is about fossil fuels
Heads up, Canada! Our one and only big energy customer, the United States, isn’t going to need Canadian oil any more. That’s the implication of the International Energy Agency’s latest predictions. The U.S. will be the world’s largest oil producer by 2020 and the largest oil exporter by 2030. Some say this could happen a lot sooner.

At the same time that the U.S. is fast becoming an energy exporter, American charitable foundations are restricting Canadian fossil fuel development with conservation initiatives that put huge areas of land off-limits to natural resources development. Whether it is their intention or not, large conservation areas are de facto trade barriers that would restrict Canada’s marine access to global energy markets — on all three coasts — and maintain the U.S. monopoly on Canadian exports, keeping Canada over a barrel and on the sidelines of the global energy market.

Canadian pipelines targeted by U.S. funds

The downside of the U.S. monopoly on Canadian exports is huge. Joe Oliver, Minister of Natural Resources told the B.C. Business Council in a speech Tuesday that the Canadian economy loses out on $18-billion annually – $50-million every day – because Canadian oil is sold into the U.S. market below market value.

For the Canadians on the front lines of environmental conservation initiatives, it’s all about saving the bears, caribou, salmon and so forth. But for the U.S. foundations that fund these initiatives, this is about oil.

The largest environmental initiatives in Canada are the Great Bear Rainforest on the north coast of B.C., the Canadian Boreal Initiative and the Yellowstone to Yukon Initiative. In all three, the big funder is...... to read the full article click here....

Vivian Krause is a Vancouver researcher and writer. On Twitter she’s @FairQuestions.

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