“No country would find 173 billion barrels of oil in the ground and just leave them there.”

by David Middleton, March 20, 2017


Firstly, the prime minister is exactly correct: “No country would find 173 billion barrels of oil in the ground and just leave them there.” Particularly if those 173 billion barrels were proved reserves.  At $50/bbl, 173 billion barrels is worth a lot of dollars… both US and Canadian.

Secondly, the prime minister is exactly correct here too: “The prime minister has long maintained that developing fossil-fuel resources can go ‘hand in hand’ with fighting climate change.”  Since fighting climate change is about as possible as fighting plate tectonics or entropy, it absolutely “can go ‘hand in hand’ with” developing fossil fuel resources.