Colossal Fossil Total Declares $9.3B in Stranded Assets in Alberta Tar Sands/Oil Sands

By The Energy Mix Photo Credit: Laurent Vincenti/wikimedia commonsFrench colossal fossil Total sent a shockwave through the Alberta oilpatch Wednesday with the announcement that it is writing off C$9.3 billion in assets in the tar sands/oil sands, including $7.3 billion in the Fort Hills mine, which opened just 2½ years ago, and the Surmont thermal oilsands project.Total is also cancelling its membership..

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