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Spin Cycle: Will all of the oilsands be developed?

August 11, 2015

Spin Cycle: Will all of the oilsands be developed?

Toronto Centre NDP candidate not the only one to suggest some oilsands ‘may have to be left in the ground’

“A lot of the oilsands oil may have to stay in the ground.”

— NDP candidate Linda McQuaig on CBC News Network’s Power & Politics

Alberta’s oilsands seem to always be a contentious issue both nationally and internationally. It was likely only a matter of time before it became a hot topic on the federal campaign trail. Comments by an NDP candidate for the riding of Toronto Centre are causing a stir and putting the spotlight on Alberta’s bitumen.

Linda McQuaig, a well-known author and journalist, told a panel discussion on CBC News Network’s Power & Politics Friday that for Canada to meet its climate change targets much of the oilsands may have to be left in the ground.

The Spin

McQuaig didn’t mention any specific climate change targets that Canada has pledged to achieve, but instead spoke about reaching Canada’s future environmental goals.

“We’ll know that better once we properly put in place a climate change accountability system of some kind,” she told host Rosemary Barton. “And… once we have a proper review process for our environmental projects like pipelines.”

McQuaig later tweeted that “NDP policy is sustainable development, overseen by strong (environmental) review process,” a policy NDP Leader Tom Mulcair expanded upon in response to questions Monday.

The counter-spin

The Conservatives wasted no time in jumping on the NDP and claiming the party wants to shut down the oil industry and introduce new taxes. Conservative Leader Stephen Harper accused the NDP of having a “not-so hidden agenda,” saying it “is consistently against the development of our resources and our economy.”

McQuaig’s comments spurred Michelle Rempel, Conservative candidate for Calgary Nose Hill, to accuse the NDP of proposing a moratorium on the oilsands, which would kill jobs at a time of instability in the oil sector.

Stranded assets?

 

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