Major new global oil and gas discoveries have energy experts describing a new golden age of petroleum. But enthusiasm for this projected future of bountiful oil has contributed to a marginalization of environmental concerns. Here are ten emerging oil and gas players that could undermine global carbon reduction targets.
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Canada:
The Athabasca Oil Sands are thought to contain 1.7 trillion barrels of crude bitumen, a form of petroleum. About 10 percent of this -- 169 billion barrels -- may be recoverable. Commercial production began in 1967 and today, some 1.6 million barrels a day of the bitumen are currently exported to the United States, and energy giant TransCanada wants to build a new Keystone XL Pipeline to add 700,000 barrels more. NASA scientist James Hansen has argued that if the expansion goes through, it will be "game over" for the earth's climate.
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