The last time a politician named Trudeau tried to regulate Canada’s energy industry, it sparked outrage in Alberta. Justin Trudeau is betting his plan to manage growth in the oil sands will be less combustible.
Oil and gas is getting bigger, deeper, faster and more efficient, with new technology chipping away at “peak oil” concerns. While hydraulic fracturing has been the most visible revolutionary advancement, other high-tech developments are keeping the ball rolling.
President Barack Obama is being pressed by opponents of the Keystone XL pipeline to tie any approval to measures that would curb climate change, reflecting mounting pressure on the administration to mitigate the project’s impact if it goes forward.