Soon, Lake explains, he'll start looking for a lifestyle increasingly on offer to mobile young people like him: work at a northern
Alberta oil sands project, but live further south, either flying in and out of a camp or driving up once a week.
According to Carbon Tracker, the roughly $ 400 billion committed to
Alberta oil sands projects between now and 2025 represent more than a third of high - risk projects expected to become stranded assets in a 2 - degree world.
Not exact matches
Part of Shell's Athabasca
oil sands project in
Alberta, Canada.
The B.C. government has pinned much of the province's economic future on LNG exports, saying the
projects are equivalent to
Alberta's
oil sands in terms of jobs and revenue generation.
Similarly, lower
oil prices are prompting Big Oil to shelve plans for multi-billion dollar oil sands projects in northern Alber
oil prices are prompting Big
Oil to shelve plans for multi-billion dollar oil sands projects in northern Alber
Oil to shelve plans for multi-billion dollar
oil sands projects in northern Alber
oil sands projects in northern
Alberta.
Canadian and global petroleum companies have since spread mines and deep - drilling
projects across northern
Alberta's gargantuan reserve —
oil sands production has nearly quadrupled since 2000 to about 2.5 million barrels per day.
While provinces other than
Alberta are
projected to benefit, modelling by the Canadian Energy Research Institute
projects that 94 per cent of the GDP impact of
oil sands development will occur within
Alberta.
To be certain, the opposition to
projects like the Keystone XL pipeline, which would carry
Alberta oil sands products to US markets, and the Northern Gateway pipeline, which would carry
oil sands products to a new west coast terminal for export to Pacific markets, has caused delays and increased costs to proponents.
The
Alberta government has leased almost 100,000 square kilometers of the
oil sands deposit, so the potential certainly exists for an industrial
project on the scale of England, if a little smaller.
TransCanada has said its shippers remain committed to the
project, which would deliver diluted bitumen from
Alberta's
oil sands to refineries on the Gulf Coast that are specifically equipped to process heavy crude.
After having the
project rejected by former president Barack Obama, TransCanada Corp. has re-applied for approval of the Keystone XL line, which would deliver
Alberta oil sands crude to refineries in the U.S. Gulf Coast.
Teck Resources Ltd. [TECK.B - TSX; TECK - NYSE] and Suncor Energy Inc. [SU - TSX] are taking a bigger stake in the Fort Hills
oil sands project in
Alberta, Teck said in a progress update....
Three weeks after finishing his first year in mechanical engineering at Queen's University in Ontario, Neil Pandya was in a remote area of northeast
Alberta at Cenovus Energy's Christina Lake
oil sands project.
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.
Recent cancellations of
Alberta tar
sands /
oil sands projects point to the uphill battle the industry will face as innovation transforms the global energy economy, Jerry Oppenheim of the New Climate Economy
project told an event last month hosted by Corporate Knights and Sustainable Prosperity.
Seeing an opportunity to offset some of the emissions from its
oil -
sands development, the province of
Alberta committed Can $ 2 billion (US$ 2.1 billion) to sequestration in 2008 and is now working out agreements with commercial partners on four
projects.
A new
project at the
Alberta oil sands is part of a $ 2 - billion effort to test the technology at an unprecedented scale
The United States now imports 22 percent of its
oil from our northern neighbor, and China has also shown interest in Canada's
sands, taking a $ 1.7 billion, 60 - percent stake in two new
projects in northern
Alberta.
Mining trucks carry loads of
oil - laden
sand at the Albian Sands
project in Fort McMurray,
Alberta, Canada.
Enbridge, meanwhile, announced it will spend $ 200 million on a new pipeline to connect Athabasca
Oil Corp's planned Hangingstone oil sands project in northern Alberta to its regional pipeline netwo
Oil Corp's planned Hangingstone
oil sands project in northern Alberta to its regional pipeline netwo
oil sands project in northern
Alberta to its regional pipeline network.
In fact, the
oil sands project will ultimately generate 11,219,000 person - years of high - paying employment from
Alberta to British Columbia, Ontario and the Maritime Provinces, say government sources.
Petro - Canada and its partners announced the formal design basis for the Fort Hills
Project (FHP)-- an integrated oil sands mining project that includes a mine and bitumen extraction plant 90 kilometers north of Fort McMurray, Alberta and... Read
Project (FHP)-- an integrated
oil sands mining
project that includes a mine and bitumen extraction plant 90 kilometers north of Fort McMurray, Alberta and... Read
project that includes a mine and bitumen extraction plant 90 kilometers north of Fort McMurray,
Alberta and... Read more →
Genome
Alberta announced C$ 25.2 million (US$ 22.2 million) in public / private funding over four years for two new genomic research
projects, one targeted at enhanced recovery of fossil hydrocarbon resources from
oil sands and coal beds through biological processes, the other focused on discovering plant genes that can be sequenced and used... Read more →
The Government of Canada is supporting a three - year
project that will result in the construction of a $ 19 - million, demonstration - scale facility in
Alberta that will use algae to recycle industrial carbon dioxide emissions from an
oil sands facility into commercial products such as biofuels.
Most of these high - price reserves (PDF) are on the industry's new frontiers — in the Arctic, deep ocean waters or unconventional sources such as the
Alberta tar
sands (PDF), where three major
projects were deferred in 2014 because of falling
oil prices.
The
Alberta government has successfully negotiated contracts for two
projects that will advance the upgrading and refining of
oil sands bitumen to diesel fuel.
Alberta's share from
oil sands projects under the new royalty regime (hatched blue) compared to other countries.
The
project is the Northern Gateway pipeline that would bring
oil from the tar
sands of
Alberta to a proposed tanker terminal at the coast - an initiative supported by China, which could end up the main beneficiary of the
oil.
Last Wednesday and Thursday, courtesy of the good folks at American Petroleum Institute (API), I and other bloggers toured two large Canadian
oil sands projects near Fort McMurray,
Alberta.
Thousands of barrels of
oil from
Alberta's tar
sands region — similar to the diluted bitumen that would flow through the controversial Keystone XL
project — spilled into a residential neighborhood from a pipeline owned by ExxonMobil, forcing the evacuation of 22 homes.
Ezra Levant published Ethical
Oil: The Case for Canada's
Oil Sands, which makes a case for further developing
Alberta's tar
sands and sister
projects.
As to the controversial Keystone Pipeline, which would carry tar
sands oil from
Alberta, Canada to the Gulf Coast, Obama said that the pipeline would not be approved if it worsens climate change: «our national interest will be served only if this
project does not significantly exacerbate the problem of carbon pollution.»
The province will exercise its existing right to receive «royalty - in - kind» on
oil sands projects (i.e. raw bitumen delivered to the Crown - operated
Alberta Petroleum Marketing Commission in lieu of cash royalties).
In Calgary, the Joint Review Panel today (December 19) recommended that the federal government approve the $ 6.5 - billion
project, which would transport
oil from the
Alberta tar
sands across British Columbia to Asia, subject to 209 conditions.
At the same time, the budget bill came freighted with legislation intended to «streamline» environmental review processes in the hope of fast - tracking
oil pipelines and other large energy infrastructure
projects, and it has handed the Canada Revenue Agency $ 7 million to intensify its scrutiny of environmental charities — especially the ones labelled «foreign radicals» by Natural Resources Minister Joe Oliver in a fiery Globe and Mail op - ed calling for approval of Enbridge's $ 5 - billion Northern Gateway pipeline from
Alberta's
oil sands to the coast of northern B.C.
The company held its dividend steady and said it remains committed to expanding its massive Horizon
oil sands project in Northern
Alberta.
Environmentalists, who have made stopping Keystone a top priority, and many Democrats oppose the proposal due to greenhouse gas emissions from
Alberta's massive
oil sands projects and other ecological concerns.
OTTAWA — Prime Minister Stephen Harper is proposing to strike a joint climate - change pact with president - elect Barack Obama, an initiative that would seek to protect
Alberta's
oil sands projects from potentially tough new U.S. climate - change rules by
And he would bring the Keystone XL
project to fruition as quickly as possible — locking in America's addiction to the dirtiest
oil source of all, the
Alberta tar
sands.
The government and Enbridge Inc. are stepping up their game to push through what is largely seen as an alternative to Keystone XL: the Northern Gateway pipeline
project, which would carry
oil from the
Alberta tar
sands to the Canadian west coast for export to China.
The reason that the
Alberta and Canadian governments, along with the
oil companies, desperately want the Keystone XL pipeline is because it will encourage more capital investment in new
oil sands projects, effectively locking in a revenue stream for decades.
Represented leading
oil sands owner in drafting and negotiating master EPCM, turnaround, design - build, temporary accommodation and other agreements for use on new
projects and existing operations in the
Alberta oil sands.