Letters to the editor: ‘Exponential GDP growth would be completely unsustainable.’ Neoliberal economics, plus other letters to the editor for Aug. 10

‘Exponential GDP growth would be completely unsustainable.’ Neoliberal economics, plus other letters to the editor for Aug. 10

: Elizabeth May reminds us it is never too late to stop wasting money and worsening the climate crisis with the completion of the Trans Mountain pipeline. To this I would add that to complete the project would make it impossible to reach Canada’s emission targets.

Trans Mountain would deliver an extra 590,000 barrels per day to Vancouver. An S&P Global Commodity Insights study warned that Canadian oil sands production may have to be throttled by up to 1.3 million bpd to attain federal emissions targets. But with measures such as carbon capture and storage, it could be reached by a reduction of 800,000 bpd.

Realistically, the only way I can see this accomplished is to stop construction of the Trans Mountain pipeline, coupled with a lowering of existing production.The $31-billion for the Trans Mountain pipeline represents a cost to the oil sands industry and to the pipeline company. The oil sands shippers would pay about half of that cost through pipeline tolls, while the pipeline company would pay the rest.

The pipeline’s benefit to the oil sands depends on the price its oil can get from California or Asian markets. The companies hope prices in those markets justify the tolls and shipping costs.Reg Plummer

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