Fossil Fuel Industry Must Face the Reality of Carbon Constraints

Fossil fuel and financial industry analysts must take a closer look at the “eventual reality” that carbon-intensive energy development will be constrained, writes Grandia, President of Spake Media House Inc. and former director of online strategy at Greenpeace USA. “Oil companies are investing billions in long-term plays in very carbon intensive fuels, like Canada’s oil sands, while at the same time there are more and more signs that strict regulations on such operations are on the horizon in the near-term,” Grandia writes. “You don’t need to look much further than the years of delays on the Keystone XL pipeline to see that governments are starting to second-guess these big cash layouts on climate risky projects.”