Sentences with phrase «oil sands companies from»

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.»

Not exact matches

The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian oil sands industries will have to come from higher oil prices, according to a new report from Moody's Investors Service.

In the latest fallout from the oil sands euphoria - gone - bust, a legal battle has erupted between three of Canada's most important energy companies.

Recovering crude from the oil sands is a massively capital - intensive business and there aren't enough deep - pocketed Canadian companies capable of making the necessary investments.

The company also said oil sands operations production has benefited from reliable operations at its Firebag and MacKay River plants, but base plant operations dealt with a significant, weather - related outage in January that will cut first quarter output to roughly 400,000 bbls / d.

However, their long - term contracts and the fact that greater use of frac sand is one way for oil and gas companies to maximize productivity from each well means that demand declines might prove smaller than those of other oil services companies.

In the face of a court challenge from a broad coalition of environmental and community groups and massive community opposition, the DEC today halted Global Companies» proposed expansion of its massive Albany oil train facility to handle tar sands oil.

The Canadian energy company TransCanada wants to build Keystone XL to carry oil from the tar sands of Alberta, Canada, to Nebraska.

In February the Whole Foods grocery chain threw its weight behind a campaign to boycott companies that use fuel generated from the oil sands.

The department allowed TransCanada, the company seeking permission to build the 1,700 - mile pipeline from the oil sands of northern Alberta to the Gulf Coast in Texas, to solicit and screen bids for the environmental study.

Protesters fear environmental damage, especially from possible oil spills; are frustrated with oil companies» grip on US politics; and condemn the impacts of tar sands exploitation on the boreal forest and First Nations in Canada.

But just across the border in Canada, growing oil sands production is increasing demand for heavy machinery from American companies.

We know which oil refineries process tar sands, and ForestEthics has already convinced 19 companies to stop buying from them.

As the refining of bitumen from tar sands mines creates particularly dirty fuel, Valero and the other oil companies crawling around northern Alberta aren't happy to see California's Global Warming Solutions Act survive Proposition 23.

The massive pile comes from the Marathon Oil Company's refining of tar sands at its Detroit refinery, and it's been getting a lot of attention over the past few months.

Schlumberger, a leading oilfield services company, has acquired Raytheon's technology for the extraction of oil from oil shale and oil sands.

Companies with fleets of cars and trucks have a critical role to play ensuring that as America raises efficiency and embraces renewable fuels, we also turn away from the dirtiest, most carbon - intensive sources of oil — Canadian tar sands.

Further cuts and company losses could jeopardize the industry's plan to at least triple oil sands output, and eventually expand to as much as 10 million barrels a day — a nearly five-fold leap from today's rate of 2.1 million barrels a day.

«It's bad for oil companies and the profit they were expecting from those projects, but from a climate perspective, it's tremendous,» said Danielle Droitsch, senior policy analyst at the Natural Resources Defense Council, one of many environmental groups that oppose extracting the heavy oil sands crude.

In July 2013, Storebrand, a major Norwegian pension fund advisor, excluded from its Energy Sector all 13 coal producers and the 6 oil companies with the highest exposure to tar sands «to reduce Storebrand's exposure to fossil fuels and to secure long term, stable returns for our clients...»»

In an effort to curb carbon emissions, Canadian energy companies have started converting CO2 into products — taking carbon dioxide from processing oil sands, mixing it with wastewater and fed to algae, which then can be turned into cattle feed and other products.

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.

In other words, the EU, China and Latin America get the oil, the foreign - owned oil companies get the profits and North Americans are left cleaning up oil spills and shouldering the pollution burden from extracting and refining the dirty tar sands.

Nineteen major companies have already adopted policies not to purchase oil from tar sands, so it's high time that the rest of America's corporations follow suit,» said Michael Bosse of the Sierra Club's Beyond Oil campaioil from tar sands, so it's high time that the rest of America's corporations follow suit,» said Michael Bosse of the Sierra Club's Beyond Oil campaiOil campaign.

** By the way, a small research company has recently demonstrated a new technology to effectively remove 98.8 % of the tar / oil from tailling ponds while supply clean hot water for adjacent tar sand operations.

Something like 2,400 American companies from 49 states already are involved in the development of Canada's oil sands» — «It's «oil» sands not «tar» to be scientific»

Smaller, oil sands - only players such as MEG Energy are more vulnerable during a downturn because they don't have the cash cushion of larger companies and don't have refining operations to offset lost revenue from oil and gas sales.

Just last week, for example, our Upstream Research Company announced that it is licensing ExxonMobil's patented steam injection system and production method, which allows producers to recover more oil from Canada's oil sands with carbon dioxide emissions reduced by up to 10 percent per barrel.

The Church said # 12 million worth of investments in companies making 10 % or more of their revenues from the production of coal or oil from tar sands would be sold.

The Desmarais family and their Belgian partner, Albert Frere, are the largest shareholders in oil company Total, which hopes to take three billion barrels of oil from the Alberta tar sands over the next 30 years.

The gut - check issue for McKibben and his supporters — thousands of whom turned out for a mass demonstration in Washington, D.C., on Feb. 17 — is the Keystone XL pipeline, a 3,400 - mile pipe proposed by oil infrastructure company TransCanada that will allow crude oil extracted from the tar sands of Alberta, in southern Canada, to be refined on the Gulf of Mexico.

With All Eyes on Keystone, Another Tar Sands Pipeline Just Crossed the Border «The Keystone XL pipeline may be in political limbo, but that hasn't stopped another Canadian company from quietly pressing ahead on a pipeline project that will ramp up the volume of tar sands oil transported through the U.S.. What's more, the company, Enbridge, is making those changes without a permit, and environmental groups say it is flouting the law.

They want the Obama administration to reject a Canadian company's application to construct the $ 7 billion, 1,702 - mile pipeline, which would carry heavy crude from the oil sands mines of Alberta to refineries along the Gulf Coast.

TransCanada, the «energy transfer company» responsible for getting the incredibly dirty diluted bitumen oil from the tar sands in western Canada, and also potentially Bakken crude, to refineries in Quebec City and St. Johns, New Brunswick, has notified the Canadian government that it is cancelling its proposed Energy East pipeline project, citing slowing growth in -LSB-...]

In 2013 I became involved with a newly formed group of Burnaby residents protesting a plan by Kinder Morgan, a Texas based oil company, to dramatically expand the export of diluted bitumen from the Alberta tar sands to oversees markets through a small marine terminal in Burrard Inlet, just miles from the City of Vancouver.