There's been much worry over the credit crisis limiting investment in renewable energy and more efficient vehicle development. There's also a fair amount of concern over the 2X+ carbon debit of Tar Sands oil extraction and processing. So much darkness. So little to smile about.
With oil prices falling and with widening awareness of a climate crisis, gilding could soon be peeling off the tar sands facade.
John Sauven, executive director of Greenpeace, said his organization had always known that tar sands were a risk to the climate "but now it's becoming clear that they're a risk to the bottom line as well". ..The NGOs also point to an "unrealistic" reliance on untested carbon capture and storage technology, which has been highlighted by Shell as a means for reducing CO2 emissions.Via::Guardian UK, Environment: Tar sands - the new toxic investment
But wait...there's more.Efficient vehicles continue to move off US car-dealer lots, which means that customers get that the lower gas prices are transitory.
Marketing VPs and CFOs that drove SUVs and MegaTrucks off the design cliff are constrained - for the time being.
About half the vehicles sold by Group 1 dealers are made by Toyota Motor Corp. (TM) or Honda Motor Co. (HMC).Via:Morningstar, US Auto Retailers Post Big Losses, Move To Cut Costs
When Detroit and supply chain jobs do come back, they will be supporting a more sustainable fleet.
As for tar sands development: POP!
Inspirational credit: YouTube, Louis Armstrong, On the Sunny Side of the Street
Original Song Lyrics for "On The Sunny Side Of The Street" by: J. McHugh/D. Fields
Image credit:Ipernity, Sunny Side of the Street (excerpt) AND La Brea Tar Pits Page Museum, Tar Bubble
The Tar Pit
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Alberta Tar Sands: A North American Overview