• 3 minutes War for Taiwan?
  • 7 minutes How China Is Racing To Expand Its Global Energy Influence
  • 10 minutes Is it time to talk about Hydrogen?
  • 58 mins U.S. Presidential Elections Status - Electoral Votes
  • 2 days Locked Thread on the election
  • 3 hours Mail IN Ballot Fraud
  • 18 hours Michael Moore Cranking Up Planet of the Humans Again
  • 18 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 11 hours Censorship in USA
  • 2 days British PM Eyes Banning Gasoline and Diesel Car Sales
  • 2 days “Consumers Will Pay For Carbon Pricing Costs” by Irina Slav
  • 2 days San Francisco Imposes Natural Gas Ban
Oil Stocks Are Finally Bouncing Back

Oil Stocks Are Finally Bouncing Back

A combination of new vaccine…

COVID Forces Exxon To Slash Oil Price Forecast

COVID Forces Exxon To Slash Oil Price Forecast

Exxon, which does not publicly…

Michael Kern

Michael Kern

Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, 

More Info

Premium Content

The Big Tech Company Backing Canada's Oil Sands

As uncertainty continues to wreak havoc on the global crude market, a surprising partnership between Amazon and one of Canada’s most controversial oil companies may be forming.

On May 13th, Amazon and TC Energy announced a deal that could end up being key in the completion of the embroiled Keystone XL pipeline. In a statement, Amazon noted that TC Energy was going “all-in” on Amazon Web Services, and that the company has “migrated almost 90 percent of its corporate and commercial applications.”

And the timing couldn’t be worse for Amazon’s public image.

Facing growing criticism over its treatment of front-line workers dealing with the COVID-19 pandemic, the announcement that the e-commerce giant and cloud developer will now be playing a vital role in building artificial intelligence and automation tools to help extract and deliver some of the world’s dirtiest oil undermines many of its previous commitments to going green. Related: How Long Until Hydrogen Is Competitive At The Pump?

Amazon, while making significant strides towards its green commitments, still lags significantly behind some of its competitors. Despite CEO Jeff Bezos’ new $10 billion climate fund, Amazon still has no supply-chain emissions reduction goal, a renewable energy-matching deadline sitting a decade behind its competitors, and a heavy presence in the midstream and downstream oil and gas industry. 

This puts the company at odds with other tech giants, such as Google.

Google, for its part, announced on May 19th that it will be backing off from the development of new technology that will aid in the extraction and delivery of oil and gas. Additionally, Google has already met its renewable goals and is actively phasing out its presence in the oil and gas industry.

A Greenpeace report notes, “Google has undergone personnel and structural changes that seem to show Google is deprioritizing these contracts, stating recently it will no longer develop custom AI/ML solutions to facilitate upstream extraction for oil and gas companies.”

Only time will tell which of these tech giants has made the right decision.

By Michael Kern for Oilprice.com 

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Curtis on June 01 2020 said:
    Alberta oil is the MOST ethical oil produced in the world and the CO2 footprint generated by Oil Sands is on a steady decline with reclamation projects turning the soil over cleaner than it was before the projects started. you need to reword this garbage report!!!

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News