Sentences with phrase «more oil sands»

Enbridge has devised a way to ship more oil sands crude from Alberta to the US via its Alberta Clipper pipeline without getting further tangled in the type of review that has kept TransCanada's Keystone XL pipeline proposal mired in limbo for years: switching crude from one pipeline in its... Read more →

And during an early April visit to Pennsylvania, Obama didn't directly answer a question about importing more oil sands from Canada.

Expect more oil sands projects to capture and reuse waste heat and embrace alternative processes that consume less energy.

One pipeline doubles the oil flowing to US refineries, generates more market, generates more capital to develop more oil sands, then demand for more pipelines and... well you get the picture.

«Canada has much more oil sands that could be brought into production if they had infrastructure.»

More oil sands production translates into a bigger long - term workforce, but the boom was in the construction fray.

Not exact matches

Last March, Royal Dutch Shell said it was selling most of its stake in Canada's oil sands, a vast project that has extracted millions of barrels of sticky, gooey hydrocarbons from the ground in a process that resembles mining more than drilling.

Hydraulic fracturing or «fracking» involves injecting liquids, sand and chemicals under high pressure to break apart tight rock formations underground to allow more oil and gas to escape into the well.

More than half of affected reserves are in deep - water projects, and nearly 30 percent are in Canadian oil sands.

Environmentalists oppose the project because it will encourage the development of Canada's oil sands, a type of oil resource that requires more energy to tap than conventional reserves.

Whether it's the stability of our banks, the vastness of Alberta's oil sands, or the gravity - defying march of home values, Canadian markets and businesses have more international appeal — and demand more attention domestically — than ever before.

«There's a question of whether going along with the approval of the Northern Gateway pipeline will make LNG development in B.C. more challenging by angering First Nations so adamantly opposed to the oil sands pipeline,» said George Hoberg, a professor at the University of British Columbia's school of forestry and founder of UBCC350, a group pressing for action on greenhouse gas emissions.

Without it, they contend, plans to more than double oil sands output over the next decade would stall.

The difference between Brent and a barrel of Western Canadian Select, the benchmark price for oil sands product, was even more significant, a fact that had caused considerable hand wringing in downtown Calgary as well as on Parliament Hill.

Oil sands stocks have underperformed the TSX by more than 40 percent in the last year.

If I take Keystone XL out of the mix, in my toy model, I haven't impacted the cost of the marginal barrel of oil sands because I haven't changed the cost of a barrel shipped by rail, I've simply reduced the profit on the barrels which would be shipped via KXL by forcing them to be shipped to market in a more expensive way.

Since then, Alberta has only become even more dependent on resource royalties, as production from the oil sands continued to march higher.

Let me give you a simple example — suppose the marginal barrel of oil globally is, in fact, an oil sands barrel, and so an increase in oil sands supply (i.e. more barrels available at a lower price) would increase world oil production and consumption.

State owned Chinese energy companies are not pouring billions of dollars into developing Alberta's oil sands so more synthetic crude or bitumen can be sent to refineries in Cushing Oklahoma.

Since then, China's state owned refining company, Sinopec paid more than $ 4.5 billion for a 9 % stake in Syncrude, the largest oil sand producer in the province.

The shine has come off the oil sands, as more investors have started to question whether oil sands development is really a sure thing, particularly at the speed projected by bullish petro - boosters.

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.

Alberta's oil sands royalty system is so tilted toward the industry that the Alberta government now earns more revenue from gaming and liquor than from bitumen royalties.

Although the country is taking steps to rein in carbon pollution in other parts of the country, the exponential rise in emissions from the oil sands will more than offset gains being made elsewhere.

Nationally, however, Ontario's efforts to cut the amount of carbon pollution from electricity generation are more than offset by the growth in emissions from the oil sands, which are expected to triple by 2020 from 2005 levels.

The boom in unconventional fuels — such as bitumen extracted from Alberta's tar sands and oil extracted from North Dakota's Bakken shale formation by hydraulic fracturing («fracking»)-- has swelled global reserves even as climate scientists issue ever - sterner warnings that burning more than a small fraction of these reserves would be suicidal.

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.

The risks associated with future toxic waste from the oil sands are, in some ways, more worrying than the much more widely known global warming ones.

The oil - sands crowd, which hasn't won one of these fights in a while, will discard an unsteady champion like Notley for one who seems more fierce: Jason Kenney.

Speaking in New York in May, Mr. Harper emphasized that the rejection of the Keystone XL pipeline would lead to an increase in oil sands shipments by rail, which he called «more environmentally challenging» than pipelines.

So, while a boycott — whether of tourism or of oil sands products — might be, in and of itself, ineffectual in halting oil sands development, it may still contribute to a more challenging business case for future oil sands projects.

Matt Ridley, for example, in his recent book, The Rational Optimist, argues that the oil sands are a much more sane solution to current energy needs than things like wind (too unreliable and too little output) and biofuels (wasteful use of land).

The campaign against the oil sands has had the effect of raising awareness of environmental issues, in particular, among the public and, perhaps more importantly, among shareholders, investors, insurers, and regulators.

In contrast, the Alberta government has a much more significant vested interest in oil sands development, and greater policy and regulatory influence.

More recently, though, the boycott has expanded to include a number of American retailers who have promised to refuse to use any petroleum products from the oil sands.

The extraction and processing of a viscous oil called «bitumen,» excavated from vast formations of sand just below the surface of Alberta's northern region, has come under fire because it requires more energy than many other oil operations.

That means the tar sands oil has to travel all the way to the Gulf of Mexico — more than twice the distance.

Canada's clean energy industries generate more direct employment than the tar sands / oil sands, Clean Energy Canada reported this week.

With Suncor is positioned nicely from a reserve standpoint, with operations in northern Alberta (which is second only to Saudi Arabia in production among oil sands regions), its valuation should rise to be more in line with peers, especially as supermajors continue to battle it out for conventional reserves.

However, there's no more reliable source of oil than the Canadian oil sands.

However, the fact that the average quantity of frack sand used per well has more than doubled in recent years — which has helped lower the breakeven price of U.S. shale oil — should help insulate the industry from the worst of the oil crash.

Further reading: Robyn Allan, «Oil sands «money left on the table» and more myths» Robyn Allan, «Bitumen's deep discount deception and Canada's pipeline mania» Oil Change International, «Tar sands: the myth of tidewater access»

Any reduction in oil sands output from the levels imposed by the emissions cap will create even more surplus pipeline export capacity without the Trans Mountain project.

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.

But in the end, increasing pipeline capacity to get more tar sands oil to market is a clear contradiction to Canada's promises under the Paris Agreement.

There is considerable variation in both the quality of and the ease with which a resource deposit can be extracted, so the most profitable strategy is to start with the high - quality, low - cost plays and, when these are exhausted, move on to deposits that are of lower quality and are more costly (think conventional oil fields vs. the oil sands).

«Until ongoing efforts to reduce greenhouse gas emissions associated with the production of oil sands are more successful and widespread, the Final SEIS makes clear that, compared to reference crudes, development of oil sands crude represents a significant increase in greenhouse gas emissions,» the EPA states in a letter made public Tuesday.

Oil sands extraction raises concerns among environmentalists because it generates more of the heat - trapping gases causing climate change than conventional oil drilling, among other thiOil sands extraction raises concerns among environmentalists because it generates more of the heat - trapping gases causing climate change than conventional oil drilling, among other thioil drilling, among other things

Yet U.S. coal - fired power plants produce more than 30 times more CO2 than Albertan oil sands facilities — 45 million metric tons of greenhouse gases versus nearly two billion metric tons.

Even the oil sands ultimate consumption in a gasoline, diesel or jet engine only results in 500 kilograms of CO2 - equivalent per barrel of refined petroleum products, meaning total oil sands emissions from well to wheel are considerably lower than those of this nation's more than 500 power plants burning coal to generate electricity.