Growing concern about climate change and the election of Barack Obama mean that the enormous carbon
footprint of the oil sands may eventually become a cost to producers.
A new finding comes amid a debate about the carbon
footprint of the oil sands generally.
Not exact matches
Reducing the carbon
footprint of the Alberta
oil sands, and securing Alberta's economic success in a lower carbon world are key objectives.
The biggest carbon
footprint of any
oil is a barrel
of oil sands bitumen.
Concerns included the
footprint of the pipeline and it generally causing an increase in
oil production from the
oil sands in Alberta.
Well, because tar
sand - extracted oils have a 2X + greater carbon
footprint than «conventional
oil,» operating margins for producing
oil in Alberta will be roughly 1/2 as good as those
of the competing state
oil companies, once Cap & Trade is fully implemented.
Critics
of the TransCanada pipeline have warned
of potential spills in America's heartland as well as the climate impacts
of allowing more tar
sands oil, which has a higher carbon
footprint than conventional sources, into the US and other markets.
As tar
sands oil has a much larger carbon
footprint than conventional
oil, climate change legislation targeted by Prop 23 would limit California's imports
of high - carbon fuels — fuels that would likely include toxic tar
sands oil from Alberta.
Two to three percent, as James Coan from the Baker Institute Energy Forum reminds us in a column for the trade publication FuelFix, is all the difference that Americans will see in their carbon
footprint if they open up pipelines, like the pending Keystone XL, to the
oil sands, instead
of importing conflict
oil from the oppressive and persecuting regimes
of Saudi Arabia, Venezuela and Nigeria.
The
oil that would have flowed through the Keystone pipeline, extracted from a large sedimentary basin that includes the well - known
oil sands of Alberta, has a higher carbon
footprint than other, lighter crude.
The advocacy group
Oil Change International referred to petcoke as «the coal hiding in the tar
sands» in a 2013 report documenting the carbon
footprint of petcoke production and combustion.
«The
oil pulled from the tar
sands gives a Toyota Prius the carbon
footprint of a Hummer,» Gore said at the time, after blasting the Canadian government for its soft position on the exploitation
of the tar
sands.
Another critic argues that the studies fail to consider no - till cultivation
of biofuel crops, which actually increase soil carbon storage, and that corn ethanol plants are converting to renewable energy, thus decreasing their emissions - meanwhile they are competing against fossil fuels like
oil from tar
sands that have an increased carbon
footprint even compared to conventional gasoline.
Van der Veer went on to claim that the «well - to - wheels» carbon
footprint of Canadian tar
sand extraction — in which Shell is heavily invested, seeing 74 % profit growth in the second quarter
of this year — was only 15 % higher than conventional sources
of oil.