Sentences with phrase «alberta oil sands producers»

The company, Canada's No. 2 pipeline operator, released a letter sent to U.S. Secretary of State John Kerry and other department officials saying that increased carbon levies for Alberta oil sands producers and new Canadian targets for greenhouse - gas emission cuts should serve to help assuage U.S. concerns that approving the C$ 8 billion ($ 6.41 billion) project would increase climate change.

Not exact matches

My University of Alberta colleague Andrew Leach is fond of pointing out that exports of manufactured products from Southwestern Ontario push up the value of the Canadian dollar, making life more difficult for oil sands producers.

This notion that corporate consumers are just looking for «greener» options is what's behind Dr. Peter Silverstone's proposals for changing the royalty rates so that Alberta's oil sands producers have real incentive to make the world's greenest oil (http://greenestoil.ca/blog/).

If there's a bright spot for the province, however, it's that the ongoing disruption of Alberta oil sands production — estimated by the Conference Board of Canada to be about 1.2 million barrels a day, comprising nearly $ 1 billion in economic activity — has contributed to a rally in global oil prices that could give producers, and therefore the Alberta economy, a badly - needed lift once production is finally back on - line (assuming, of course, the fires are eventually extinguished and oil sands operations escape serious damage).

It is relatively costly to produce oil from Alberta's unconventional oil sands, thus making it difficult for producers to profitably produce and sell oil in North America.

That can easily happen in a world of $ 100 oil, because such high prices offer enough incentive for producers to bring on new supplies from expensive sources such as the Bakken or Alberta's oil sands.

Extracting oil from Alberta, Canada's oil sands is expensive, so Cenovus» shares generally benefit more from rising oil prices than most other energy producers.

In an interview with The Globe and Mail editorial board, David Collyer, president of the Canadian Association of Petroleum Producers, said the Keystone XL line is needed to connect the Alberta oil sands with refiners who have invested billions of dollar to upgrade their plants so that they can process heavy grades of crude.

Suncor is the world's largest producer of bitumen, and owns and operates an oil sands upgrading plant near Fort McMurray, Alberta, Canada.

Most of the oil shipped on the line will come from Canadian oil sands producers, which have been under from some U.S. environmental groups and legislators for boosting greenhouse gas emissions because of expanding production in the oil sands — a Florida - sized region of northern Alberta that contains the largest oil reserves outside the Middle East.

Canadian oil sands producers, facing a double whammy of low oil prices and higher taxes in Alberta, are slashing spending, suspending production, cutting jobs and halting shareholder dividends.

«We recommend that this discussion include a detailed discussion of efforts... by producers, as well as the government of Alberta, to reduce greenhouse gas emissions from oil sands production.»

Publicly described as an «ALEC Academy,» documents obtained by CMD show the legislators were accompanied on a chartered flight by a gaggle of oil - industry lobbyists, were served lunch by Shell Oil, dinner by the Canadian Association of Petroleum Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar sands and the proposed Keystone XL (KXL) pipelioil - industry lobbyists, were served lunch by Shell Oil, dinner by the Canadian Association of Petroleum Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar sands and the proposed Keystone XL (KXL) pipeliOil, dinner by the Canadian Association of Petroleum Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar sands and the proposed Keystone XL (KXL) pipeline.

Alberta's oil sands producers should be allowed to significantly increase their greenhouse gas emissions, even if that means forcing other sectors to take on additional expensive obligations to meet Canada's climate change targets, an industry executive says.

Currently, Alberta prices GHGs from oil sands producers and other large emitters using its Specified Gas Emitters Regulation (SGER), which came into force in 2007.