Sentences with phrase «new oilsands projects»
Proceeding with new oilsands projects in the absence of this limit is simply unacceptable, and threatens the credibility of Alberta and Canada's oilsands regulatory process.»
https://www.dirtyoilsands.org/
If you want to know what the break - even price for new oilsands projects is (at least for the marginal project), look at the forecast of future oil prices.
By 2009, the NEB pegged the break - even price for new oilsands projects at a U.S. $ 55 - 70 / bbl WTI price, and the expected quantity had been scaled back largely due to the financial crisis, to less than 3 million barrels per day by 2015.
Not exact matches
«We don't want these new projects to have to bear the burden of some of these (oil price) differentials,» he said, reiterating Suncor's commitment to build no new major oilsands projects without new pipelines.
He said regulatory confusion and delays in Canada have prevented the timely completion of pipeline projects such as the Trans Mountain expansion, leading to difficulty in getting crude oil to markets and the current steeper - than - usual discounts being paid for Canadian oilsands crude compared with benchmark New York - traded oil.
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.
While it will still fund expansions of existing oilsands projects, environmentalists likened the new policy to similar announcements by BNP Paribas and ING Group
Rival oilsands company Cenovus Energy Inc. halted all investments in new projects until the pipeline mess is resolved.
Imperial Oil Ltd. has revealed plans for a new $ 2 - billion oilsands plant at a time its competitors have cancelled or deferred new projects to survive the oil price collapse.