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Is the Party Over for Tar Sands Without Keystone XL?


Business  (tags: biogems, climate, international, keystone xl, oil sands, tar sands )

Judy
- 2201 days ago - switchboard.nrdc.org
Critics have argued that KXL doesn't matter and that there are alternatives available for transport, but investment banks report that continued pipeline delays could start to impact investor confidence in tar sands production growth expectations past 2015



   

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Comments

Roger Skinner (14)
Thursday March 14, 2013, 9:25 am
The financial community that "sees Keystone XL as critical to the growth rate of tar sands oil production" is an ass.
 

Tim C (2420)
Thursday March 14, 2013, 10:47 am
thanks
 

Kit B (276)
Thursday March 14, 2013, 1:18 pm

"While critics have argued that the Keystone XL doesn't matter and that there are alternatives available for transport, investment banks are reporting that continued pipeline delays could start to impact investor confidence in tar sands production growth expectations beyond 2015. The view that Keystone XL matters is also supported by investors, who have punished tar sands stocks relative to their peers over the past year."


And we all know just how much trust we have in what investment bankers have to say. I don't trust this pipeline and I feel strongly that we are endangering our farmlands, ground water supplies and if the past is prologue than we can count on another "accidental" leak from this pipeline.
 
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