It's pretty telling when National Post starts going against the script.
Time to invest in Hibernia lol
Elizabeth May responds to John Ivison: The oilsands are not worth investing in
For example, the contribution fossil fuels makes to Canada’s gross domestic product is nowhere near what is routinely claimed. Ivison writes that the oil and gas industry is “responsible for 10 per cent of GDP; employs more than half a million people; and, contributes around $8 billion in tax revenues.” According to Natural Resources Canada, however, the oil and gas sectors combined make up 5.6 per cent of GDP.
The problem with bitumen is that it is both very expensive to produce and of inherently low value. It must go through a further, very expensive, process of upgrading before it is able to be refined. In contrast, the break-even price for Alberta sweet crude (existing production) is in the order of US$25-$30 per barrel. And it is important to note that Hibernia is producing crude that is far more attractive to investors than bitumen, with a far more achievable break-even point.