Sentences with phrase «cent of oil sands»

The Crown corporation's original government funding of $ 100 - million increased over time to $ 1 - billion, with the objective of developing technologies and processes that would get the private sector back working on the 90 per cent of the oil sands that were too deep to be surface mined.

Not exact matches

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

She cited the fact that offshore projects are projected to account for just 3 per cent of total output in Canada by 2025, while the oil sands are forecast to represent more than 80 per cent.

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.

Even building just one LNG terminal coupled with modest oil sands growth would increase oil and gas emissions from 26 per cent of Canada's total greenhouse gas emissions in 2014 to 45 per cent by 2030.

Berman, author of This Crazy Time and co-founder of ForestEthics, pointed out that every independent study, including one from the U.S. Department of Energy, has found that the oil sands are one of the world's dirtiest forms of oil, producing three times more greenhouse gas emissions per barrel produced, and 22 per cent more than conventional oil when their full life cycle of emissions, including burning them in a vehicle, is included.

But the findings of the Alberta study clearly suggest that actual methane emissions from the upstream oil and gas sector (excluding mined oil sands) are likely to be at least 25 to 50 per cent greater than estimated.

Critics say such spills raise questions about the safety and viability of in situ extraction, which by 2020 is expected to account for as much as 40 per cent of Canada's oil sands production, because many of Alberta's deposits can not be mined.

In just nineteen years, from 1990 to 2009, the intensity of greenhouse gases (GHGs) from the oil sands has plummeted by 38 per cent.»

Meanwhile, oil companies are recklessly developing the tar sands, with plans to increase production to a dangerous level of five million barrels per day or more by 2030, a 1500 per cent increase since 1999.

If the oil industry wants to pipe these dangerous tar sands oils over our water sheds and aquifers, putting our drinking supply and neighborhoods at risk, they should not only be required to pay into the cleanup fund, they should be paying far more than the 8 cents per barrel they pay for conventional oil since these tar sands oils are not just worse for the environment, but potentially pose a greater risk of spills and are even harder to clean up.

Exxon may indeed end up paying for all of the oil spill cleanup in Mayflower, but they are not paying the 8 - cents - per - barrel fee for the tar sands oil, as they would if they were transporting conventional oil.

He said that oil sands currently represent only 5 per cent of total Canadian emissions.

Based on these numbers, the Keystone XL pipeline will enable no more than 175 million tons (Mt) CO2e / yr, assuming the pipeline operates at capacity 100 per cent of the time, and is always carrying oil sands product.

Mr. Coutu - whose company owns 36.7 per cent of the Syncrude oil sands project - acknowledged other sectors would have to take up the slack if the oil sands have only intensity - based requirements and Ottawa imposes a national cap on emissions.

The Parkland Institute, a left - leaning Edmonton - based research network, reported that the government has received less than 20 per cent of the wealth generated by oil sands production since 1997 even though its original target was 35 per cent.

Fracked gas pipelines are also a key component of the tar sands infrastructure: up to 60 per cent of fracked gas extracted in Canada is actually used to fuel other parts of the oil and gas industry, including the tar sands.

International's contentious $ 15 - billion acquisition of Canadian oil and gas company Nexen Inc. earlier this year, his team was focused on managing CNOOC's 35 - per - cent interest in the Long Lake, Kinosis, Cottonwood, and Leismer oil sand projects.

Alberta alone accounts for more than 96 per cent of Canada's oil reserves and in 2010, about 140,000 people were directly employed in the mining, quarrying, oil and gas extraction sector, including the oil sands.