Alberta could cut its greenhouse gas emissions almost by half by shutting down its coal - fired power plants, a move that would make room for
more oilsands production.
Not exact matches
Yet as
production there declines — Saudi Arabia is pumping out its oil at
more than four times the rate of the
oilsands, Talwani noted in a New York Times op - ed titled, «Canada: the next oil superpower?»
After all, prior to the Great Recession, Alberta's industrial heartland looked poised to become an upgrading mecca, with new refinery projects expected to boost local
production of
oilsands crude by
more than half a million barrels a day.
ARC Energy Research Institute forecasts $ 30 billion will be spent in conventional and tight oil and gas formations in Canada this year, which is
more than twice the $ 12 billion in investment projected to go into the
oilsands, but still well below the peak of $ 46 billion spent in Canadian conventional oil and gas
production in 2014.