Sentences with phrase «oil sands growth»

Opposing pipelines is, admittedly, a blunt and imperfect instrument for slowing down oil sands growth.

Former Conservative Minister Jim Prentice admits that pipelines are needed for oil sands growth:

Oil sands growth will drive Canadian crude oil production to about 4.7 million barrels per day by 2025 from 2.8 million bpd in 2010 — a 67 % increase — according to the latest forecast from the Canadian Association of Petroleum Producers (CAPP).

Even building just one LNG terminal coupled with modest oil sands growth would increase oil and gas emissions from 26 per cent of Canada's total greenhouse gas emissions in 2014 to 45 per cent by 2030.

Alberta's oil sands growth has slowed with the decline in the price of oil and there was stiff environmental opposition in the French - speaking province of Quebec.

The company says it is working to ease the pain of toll increases, but it argues that the line is needed as a result of oil sands growth.

Hughes also found that no new pipelines are actually needed if Alberta keeps its promise to cap oil sand growth and emissions at 100 megatons a year.

Not exact matches

CALGARY, Alberta, May 2 - Suncor Energy Inc said on Wednesday that its current growth plan is not constrained by pipeline bottlenecks and it does not expect to make any further major investments in Canada's oil sands until market access improves.

Job creation is projected to slow down over the next few years due to technological advances in oil sands processing and a slower growth in international demand for oil products, but the growing demand for base metals is expected to buoy employment opportunities.

Job creation is, however, projected to slow over the next few years due to technological advances in oil sands processing and slower growth in international demand for oil products.

Given the projected growth in the oil sands, this might seem like a sure thing, but it's not.

CALGARY, Alberta, May 2 (Reuters)- Suncor Energy Inc said on Wednesday that its current growth plan is not constrained by pipeline bottlenecks and it does not expect to make any further major investments in Canada's oil sands until market access improves.

The growth of oil sands had previously put the loonie in a good position, but those massive oil sands projects are struggling to stay alive right now — at best.

«The Alberta wildfires and sharp pullback in oil sands production in May took the Canadian economy on a brief detour into negative growth,» said Craig Wright, senior vice-president and chief economist at RBC.

The recent surge in growth in North American non-conventional oil production, whether it's light oil from North Dakota or the heavy stuff that comes out of Alberta's oil sands, is made possible by high oil prices, which are in turn linked to world demand remaining robust.

Furthermore, while the company does have another potentially significant growth opportunity on the horizon in its CA$ 20 billion ($ 15 billion) Frontier oil sands mining project, it appears to be a long shot of moving forward considering where crude is these days.

If oil drops into the $ 20 - to - $ 30 range, he may soon be dealing with the consequences of an oil sands industry, his government's anointed engine of economic growth, suddenly becoming a commercial disaster on a scale that could be unrivaled in Canada's history.

The future of the oil sands lies with the growth of oil demand in Asian markets, not in American ones.

What is the cost of chasing exponential production growth from the oil sands?

Canada's largest integrated energy company has filed an application for a massive new oil sands project defying expectations of slowing growth in the oil sands.

Posted by Nick Falvo under Bank of Canada, banks, budgets, Conservative government, consumers, deficits, economic growth, economic models, economic thought, employment, Europe, exchange rates, federal budget, fiscal policy, household debt, housing, inflation, interest rates, monetary policy, oil and gas, prices, Role of government, social indicators, tar sands, US.

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.

Nationally, however, Ontario's efforts to cut the amount of carbon pollution from electricity generation are more than offset by the growth in emissions from the oil sands, which are expected to triple by 2020 from 2005 levels.

Most importantly, they are entirely project - specific; nowhere is there any discussion of the GHGs associated with multiple oil sands project, to say nothing of a total projected growth to 6.2 million barrels / day by 2035.

Over the next few decades, Canada's carbon emissions will be driven by the sharp growth in bitumen production from Alberta's oil sands.

«When you look at the amount of growth for Canadian oil sands this year and next year, we're going to run into trouble — I mean we're certainly going to have to tap into rail.»

«Now it's time for the government to unapologetically promote Alberta's emissions reduction successes to date and clearly articulate support for the long - term growth of Alberta's energy industry, including the oil sands, conventional production, natural gas power, cogeneration and renewable energy.»

Oil Change International, «Reconsidering the need for new pipeline capacity in Canada» Oil Change International, «Reality check: the end of tar sands growth»

However, given the company's strong balance sheet, future growth plans, and the strong long - term potential future of America's shale oil and gas production, I remain bullish on frac sand producers in general, and US Silica specifically.

That said, whereas CO2 emissions from coal - fired power plants in the U.S. have declined, greenhouse gas emissions from oil sands have doubled since the turn of the century and look set to double again by the end of this decade — the primary source of emissions growth for the entire country of Canada.

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.

His study attributes the expected growth in oil output largely to a combination of high oil prices and new technologies such as hydraulic fracturing that are opening up vast new areas and allowing extraction of «unconventional» oil such as tight oil, oil shale, tar sands and ultra-heavy oil.

I would agree though that one of the more effective ways (if not the most effective) to limit the growth of Oil sands development is to limit the rate at which it can be delivered to its primary consumer, the US.

Essentially all the backsliding is attributable to growth in tar sands oil production in Alberta.

Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total.

Projected growth in natural gas consumption in oil sands production.

Line 3 and Keystone XL, without TMX, would provide sufficient pipeline export capacity for foreseeable production growth under the oil sands emissions cap, and access world prices on the Gulf Coast.

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.

Despite the rapid growth of the oil sands industry, and plans to build or expand more than 10,000 miles of pipelines in the next few years, federal pipeline regulations don't distinguish between dilbit and conventional crude oil.

However, the Canadian energy market changed dramatically in the following years, with rapid growth in production from the Alberta oil sands.

But the growth of emissions in the oil sands would make the overall effort far more difficult, said Dale Marshall, a policy analyst with the David Suzuki Foundation.

By deciding to boil half of Alberta to release oil from sand as a way to balance our exports drives us further away from the culture of innovation we see driving growth and prosperity here.

Van der Veer went on to claim that the «well - to - wheels» carbon footprint of Canadian tar sand extraction — in which Shell is heavily invested, seeing 74 % profit growth in the second quarter of this year — was only 15 % higher than conventional sources of oil.

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-...]