Last month, energy consultancy Wood Mackenzie came out with a warning: the world was running out of oil, but not just any oil. It was running out of oil that can be extracted with a low carbon footprint. The report shined the spotlight on an issue that tends to get overlooked in the daily discourse on climate change and the fossil fuel industry—the fact that not all oil is created equal. While it would be overly optimistic to suggest that any environmentalist would back an oil project, it might be worth considering the differences between…
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