S.O.S. "Silent" Oil Sands

Study Released May 17, 2012

Commodity Report - Crude Oil - April 2012

This issue primarily addresses the implications of the precautionary principle. The premise is that if the effects are not known, and there may be irreversible damage to the environment, then it is better to err on the side of caution (i.e., no development). This precautionary approach has been used as justification by environmental groups, as well as within larger bodies such as the European Union to delay major infrastructure projects until the effects can be known. Since the effects may take decades to become apparent it is not prudent to halt all production until everything can be known..... Download full report.

April 2012