Wednesday, June 19, 2013

Drumbeat: June 1, 2013

Thomas Homer-Dixon: How the oil sands industry is distorting Canada’s economy

By 2030, Canada’s output from the oil sands will reach about five million barrels a day, more than twice today’s output. Yet, by 2030, chances are also good that the world will have placed a price on carbon emissions to spur energy innovation and wean humanity off carbon-based fuels. By then, climate change’s impact on global food security will have become starkly obvious. Already, heat waves and droughts in major grain-producing regions have caused food-price shocks and political unrest around the world.

Why Canada needs to develop the oil ...

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