Canada is waking up to the reality of the climate crisis, those ringing the alarms includes a diverse group from the Wet’suwet’en Nation to Greenpeace. Now a large fossil fuel company, Teck Resources Ltd., has decided to not move ahead with an environment-destroying tarsands project partly due to the fact that planet is facing catastrophic climate change. The company CEO released a statement stating that the Canadian government needs to clarify its climate policy (essentially asking for regulation) and that the economic benefit of fossil fuels isn’t as clear as it used to be. The pressure that people put on Teck over the last years has proven effective, thanks to everyone that helped fight Teck’s initial plan!
Hopefully this helps empower the Wet’suwet’en pipeline protests. Protesting works.
Lindsay wrote that customers want policies that reconcile resource development and climate change — something he said the region has yet to achieve, but he did not clarify if the region he was referring to was Alberta or Canada.
“Unfortunately, the growing debate around this issue has placed Frontier and our company squarely at the nexus of much broader issues that need to be resolved. In that context, it is now evident that there is no constructive path forward for the project,” he wrote.
Energy consultant Greg Stringham, who has worked for the industry, government and the Canadian Association of Petroleum Producers, said tight economics and increasing risks put Teck at the centre of debate around energy projects.