Sentences with phrase «oil sands projects under»

Alberta's share from oil sands projects under the new royalty regime (hatched blue) compared to other countries.

The EIA in February reported that Canada pumped an average of 4.5 million barrels a day in 2015, and predicted this would rise to 4.8 million in 2017 as oil sands projects under construction when oil prices began to fall in 2014 come on line.

Not exact matches

First, I want to look at how the changes not just in oil prices, but also changes in diluent costs, discounts for oil sands crude relative to light crude and, in particular, the fall of the Canadian dollar have changed the outlook for new oil sands projects — for those under construction, and for those currently operating.

I am not suggesting that an oil sands project like Shell's could never be «justified in the circumstances» under CEAA, 2012.

Having recently called out the federal government for failing to provide a justification for its decision to approve Shell's Jackpine mine oil sands expansion project (an approach that serves no interest other than the government's, as even industry would stand to benefit from knowing why one project is justified while another, e.g. Taseko's original Prosperity mine, is not), it was reassuring to see that at least this Joint Review Panel (JRP) shares my understanding of this obligation under the Canadian Environmental Assessment Act, 2012, SC 2012, c 19.

Based on information and analysis about the North American crude transport infrastructure (particularly the proven ability of rail to transport substantial quantities of crude oil profitably under current market conditions, and to add capacity relatively rapidly) and the global crude oil market, the draft Supplemental EIS concludes that approval or denial of the proposed Project is unlikely to have a substantial impact on the rate of development in the oil sands, or on the amount of heavy crude oil refined in the Gulf Coast area.

Oil sands in situ projects currently under consideration need above $ 65 / barrel net - present value (NPV) to break - even according to Rystad Energy.

'' Oil sands are high - cost, high - carbon projects, being proposed at a time when both costs and emissions are under pressure to shrink; as such they should immediately hit an investor's higher - risk screen,» warns James Leaton, Research Director at Carbon Tracker.