Of course, it's the National Post, so go figure.
OTTAWA -- It has been blamed as one of the big villains causing global warming, but a new study by PricewaterhouseCoopers has concluded that Alberta's oilsands could play a key role in saving the planet from the devastating effects of climate change. The consulting firm suggests Canada and other G-7 countries must take the lead to tackle global warming through various strategies to improve energy efficiency, increase use of renewable fuels and developing carbon capture and storage technology.
Under a "Green Growth Plus" plan, the firm estimates a 17 per cent reduction in global greenhouse gas emissions, thanks in part to geological formations in Western Canada that are suitable for storing carbon underground. "I think what's surprising about (the report) is the emphasis that carbon capture and storage has on the best scenario case and how Western Canada can actually help with climate change through carbon capture and storage," said Christine Schuh, Canadian climate change leader at PricewaterhouseCoopers.
With no strategy in place, Schuh said greenhouse gas emissions would double around the world by 2050. However, the green growth plan would require the G-7 countries to reduce their overall emissions by 51 per cent between 2004 and 2050, while the emerging economies of China, India, Brazil, Russia, Mexico, Indonesia and Turkey could increase their emissions by 29 per cent. Schuh said it would still allow for modest economic growth of about three per cent in GDP. "It will shift the economy around," said Schuh, based in Calgary. "I think what will happen is we'll have a more energy-efficient economy, and probably stimulate technologies that reduce greenhouse gas emissions. That could mean a carbon-restricted future."
Another study released Thursday by the David Suzuki Foundation had harsh criticism for the Alberta and Saskatchewan governments because of rising greenhouse gas emissions and a lack of action on climate change. While Saskatchewan has the highest greenhouse gas emissions proportional to its economy and population, Alberta represents the biggest threat because it produces the largest amount of emissions overall. "Both Saskatchewan and Alberta are at the bottom of the list, but it's pretty easy to argue that Saskatchewan is actually worse," said Dale Marshall, a climate change policy analyst at the foundation.
EDIT
http://www.canada.com/nationalpost/news/story.html?id=705f4dd2-2e10-4969-8b1a-d837037aad4c&k=48233