Former Conservative Minister Jim Prentice admits that pipelines are
needed for oil sands growth:
Michael Levi says, «slash oil demand and
the need for oil sands goes away.»
Not exact matches
In order to understand the impact of the
oil price crash on
oil sands, you
need to look at the implications
for each of these categories.
Alberta's new emissions regulations, just unveiled by the province's fresh NDP government, are a welcome step towards tailoring environmental policy
for the
needs of an expanding
oil sands sector.
Probably the most discussed aspect of the NGP Report (see this excellent discussion on CBC's The 180 beginning at around the seven minute mark) is the JRP's treatment (or lack thereof) of «upstream» greenhouse gas emissions (GHGs), and specifically the apparent asymmetry between the JRP's decision to consider the
need to open markets
for projected increases in
oil production — the vast majority of which would uncontrovertibly be from the
oil sands — but not the GHGs associated with this projected growth.
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).
If there's a bright spot
for the province, however, it's that the ongoing disruption of Alberta
oil sands production — estimated by the Conference Board of Canada to be about 1.2 million barrels a day, comprising nearly $ 1 billion in economic activity — has contributed to a rally in global
oil prices that could give producers, and therefore the Alberta economy, a badly -
needed lift once production is finally back on - line (assuming, of course, the fires are eventually extinguished and
oil sands operations escape serious damage).
Oil Change International, «Reconsidering the
need for new pipeline capacity in Canada»
Oil Change International, «Reality check: the end of tar
sands growth»
She cited applications like providing power
for metal mining or
oil sands development where «temporary baseload, heavy - duty power» is
needed, as ideal
for the technology.
The
need for the BOC to act was created by sliding inflation, weaker crude prices (which threaten domestic
sand oil production), and lagging employment growth.
But the
oil industry is pushing as hard as ever
for their pet project, and we
need to show the president the connection between decisions to import tar
sands and a future full of Sandys.
We might not then
need the tar
sands and
oil shales, and this would be a better overall solution because we would be able to reduce emissions and re-stabilize the climate more quickly, and thus avoid the
need for some of the more extreme adaptation measures.
The reason greater depths are not
needed is because geothermal in the context of
oil sands production isn't necessarily
for power generation, which requires high temperatures.
All the people who are active against the additional carbon release from the processing of
oil sands, should be required to drive their propane or CNG fueled hydraulic hybrid automobiles at the most efficient speed
for the miles traveled and to live in the smallest houses
needed for shelter and eat the simplest food and never take aircraft trips. . .
Using less
oil — and transitioning to cleaner transportation technologies — would help decrease the
need for unconventional energy sources like tight
oil or tar
sands.
Our case was bolstered by the statements made by the industry, banks, and investors on the
need for the pipeline to keep tar
sands oil flowing.
I look at the forecast growth
for oil sands output, do the math and come to the conclusion that to move the incremental output to market we
need the Keystone AND the Kinder Morgan expansion AND the Northern Gateway AND a pipeline to Eastern Canada.
Moreover, a new environmental review is
needed to account
for the dramatic changes in the outlook
for the tar
sands industry, as lower
oil prices and a global movement to address climate change has led Exxon to write down billions of barrels of tar
sands reserves and companies like Statoil and Total to pull out of the tar
sands entirely.
This means that
oil sands oil has overall (well to wheels) emissions some 17 % greater than
for typical crude
oil and most of these extra emissions are due to energy
needed to extract bitumen from the ground.
On that basis, the report concludes that while continued
oil sands production will make it very hard
for Canada to meet its national emission reduction targets — which again it's worth pointing out, are in line with those of the US and far far below what science says is
needed to minimize the impacts of climate change — on a global basis «elimination of
oil sands GHG emissions will not eliminate or substantially lessen the immense challenge facing the world to reduce GHG emissions.»
According to the
oil industry, tar
sands oil is
oil when the
oil industry
needs oil spill cleanup funds, but it isn't
oil when it comes to paying
for that cleanup fund.
In any case the environmental degradation imposed by tar
sands extraction is severe, and certainly I would personally be very opposed to doing more than extract enough
oil for vital
needs, which in any case seems to be it's realistic capacity.
But because the stakes aren't as high as so many have claimed, policymakers don't
need to choose either to press
for a halt to
oil -
sands production or to advocate a climate - policy exemption
for oil -
sands fuel.