Sentences with phrase «oil sands assets»

This has increased pressure on companies with oil sands assets to improve (i.e., reduce) their environmental footprint, and in some cases, to divest such assets.

This year the Conservative government approved the sale of $ 1.9 billion in oil sands assets to two companies controlled by the Chinese government.

Not exact matches

The oil and gas giant announced that it was unloading its oil - sands assets, for $ 7.25 billion, so that it could double down on businesses «where we have global scale and a competitive advantage.»

Cenovus» first quarter saw an increase in its oil sands production to 144,000 barrels per day, up 20 % from the same period in 2014, and lowered operating costs across its assets.

The interview is a bit of pure madness, but it brings up an interesting point about the financial media's continued inability to understand the difference between a trend and three or four deals involving oil sand projects and how assets factor into individual balance sheets.

Murphy has hired an investment bank to explore options for its stake in a Canadian oil sands project as well as its Montney natural gas assets in British Columbia.

Fort Hills is located in Alberta's Athabasca region, 90 kilometres north of Fort McMurray, Alta., and is recognized as one of the best oil sands mining assets in the region.

Fort Hills is located in Alberta's Athabasca region, 90 kilometres north of Fort McMurray and is recognized as one of the best undeveloped oil sands mining assets in the region.

As this table shows, all three frac sand producers have current ratios (short - term assets divided by short - term liabilities) and quick ratios (liquid assets divided by short - term liabilities) much greater than 1, signifying strong balance sheets that should allow all three to weather the current oil crash.

Its portfolio of assets includes conventional oil, oil sands, heavy oil, and natural gas pipelines, natural gas processing plants, fractionators, and midstream storage facilities, and it's a top pick of my Foolish colleague Jason Phillips.

Jeremy Grantham, a billionaire fund manager who oversees $ 106bn of assets, said his company was on the verge of pulling out of all coal and unconventional fossil fuels, such as oil from tar sands.

«Efforts to stay within a carbon budget, increase fuel efficiency, reduce costs and improve air quality mean that if capital continues to flow into oil sands, the projects risk becoming stranded assets», says Carbon Tracker's research director, James Leaton.

Another Scandinavian country is also cutting ties to coal as six Danish pension funds — which combined manage $ 36.3 billion in assets — decided in April to divest from coal, tar sands and deepwater and Arctic oil exploration.

Sure, these tar sands assets were stranded because of low oil prices, and the infrastructure built to extract tar sands could be turned back on anytime, but that seems very unlikely.

Norway's Storebrand, which holds more than $ 30 billion in assets, recently announced that it would exclude 13 coal and six oil sands companies from all investments «to reduce Storebrand's exposure to fossil fuels and to secure long - term, stable returns for our clients.»

According to Carbon Tracker, the roughly $ 400 billion committed to Alberta oil sands projects between now and 2025 represent more than a third of high - risk projects expected to become stranded assets in a 2 - degree world.

So this story — reported by Cleantechnica — is about perfectly designed to make my little TreeHugging heart sing: Norwegian oil and energy giant Statoil has spent the end of 2016 selling off its assets in Canadian tar sands, and securing rights to develop a gigantic offshore wind farm off the coast of New York State.

A quick glance at the Board of Directors of Brookfield Asset Management, the company managing the private - public park being used as the Occupy Wall Street base, shows they have extensive ties to the oil, gas, and tar sands industry.

«Efforts to stay within a carbon budget, increase fuel efficiency, reduce costs and improve air quality mean that if capital continues to flow into oil sands, the projects risk becoming stranded assets.»