Related Articles
Forward article link
Share PDF with colleagues

Ethical oil and Opec

Power in global oil markets doesn't rest in Ottawa or Calgary, but in Riyadh and Vienna – the headquarters of Opec

MOST people know what "fair-trade" coffee is and why its supporters say it can help exploited producers of one of the world's crucial commodities. But how about "ethical oil"? It's a concept doing the rounds now in Alberta, thanks to a book with that title by the relentless controversialist, Ezra Levant. The book is a polemical defence of the oil sands – and an attack on their opponents – that says bitumen from Alberta is the "ethical" alternative to oil sourced from corrupt, repressive, violent, "socialist", "Fascist", or otherwise downright nasty producers elsewhere in the world. Levant reserves particular scorn for Opec and its members. Americans will fill their cars with a petroleum pr

Also in this section
US shale producers under oil-price pressure
28 June 2017
US tight oil companies staged a comeback at the first sign of a price recovery last year. Now, as surging US shale activity undercuts the oil price, markets want them to start putting on the brakes.
Energy demand stayed low in 2016, as the fuel mix shifted towards cleaner energy sources
20 June 2017
China and India accounted for almost all the growth, says BP, and global emissions were flat for the second year in a row
The global oil-demand growth forecast for 2017 depends on a bumper Q4
15 June 2017
Either Q1-Q4 crude consumption will rise at its fastest pace since 2010, or the data are very wrong