It will be on our resources that our well being is based, but it will be on sustainable & renewable resources that our future is based & in particular on our skills & savvy.
1) Average GHG emissions from tar sands are 23% higher than the average fuel currently used in Europe.
2) Wrong for Europe, no doubt but not wrong for Canada. Europe is living well beyond it's natural carbon allotment. They have too many people and too few natural carbon sinks.
Canada on the other hand has a much more sustainable relationship with the carbon cycle. They have few people living in a large country.
With less than one half of one percent of the worlds population living in 9 million sq/kms, complete with 3 cold oceans, they sink more Carbon than they could ever emit.
Canada is the only country that can fully exploit the oil sands and still be a net carbon sink.
See: Canbits Tarsands1 (external - login to view)