International banks and investors are pouring billions of dollars into expansion of the Canadian tar sands, the dirtiest and most desperate attempt yet to profit from and prolong our crippling addiction to oil.
Tar sands oil is the worst type of oil for the climate, producing three times the greenhouse gas emissions of conventionally produced oil because of the energy required to extract and process tar sands oil. Tar sands consist of heavy crude oil mixed with sand, clay and bitumen. Extraction entails burning natural gas to generate enough heat and steam to melt the oil out of the sand. As many as five barrels of water are needed to produce a single barrel of oil.
Tar sands oil is the worst type of oil for the climate, producing three times the greenhouse gas emissions of conventionally produced oil because of the energy required to extract and process tar sands oil. Tar sands consist of heavy crude oil mixed with sand, clay and bitumen. Extraction entails burning natural gas to generate enough heat and steam to melt the oil out of the sand. As many as five barrels of water are needed to produce a single barrel of oil.
TransCanada's proposed $7 billion Keystone XL pipeline would ship heavy crude from Canada's oil sands to refineries on the Texas Gulf Coast. Citizens from across the country have bravely taken action to make a strong statement to President Obama that enough is enough. We should not spend even one more dollar to build infrastructure that will continue our dangerous addiction to oil. The president must do the right thing now and say no to the Keystone XL pipeline.
Now is the time to join a broad coalition of concerned citizens who are organizing to stop the pipeline. Take action now.
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Want to know more about why we oppose the Keystone XL pipeline? Get the key facts on energy security, gas prices, jobs, safety and the climate.
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Yesterday, we learned that Texas police applied sustained chokeholds, violent arm-twisting, pepper spray, and multiple uses of tasers to move two peaceful protesters—all at the behest of TransCanada employees.
Originally posted by the Tar Sands Blockade
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A report on the financial commitments made by Canada’s five biggest banks—RBC, TD Bank, Scotiabank, CIBC and BMO—to fossil fuel production, namely oil, gas and coal operations.
Overview factsheet about the problem with the Tarsands
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