Anti-Keystone groups like to argue that blocking the pipeline would choke
oilsand development in Alberta, but a much more likely scenario is that the oil industry would simply look for alternative transport means.
Not exact matches
While doing little to hinder
oilsands development, a rejection would prolong price distortions
in oil markets.
While the Obama administration put commercial leasing on hold, then, elsewhere
in the federal government people have been feverishly researching ways to facilitate the
development of America's
oilsands and oil shale.
The debate over TransCanada Corp.'s Keystone XL oil pipeline has forced Americans to confront their complicity
in the
development of Canada's
oilsands.
Sure enough, environmentalists oppose the
oilsands development anywhere — they are behind the Obama review of Bush - era leases
in the Green River basin.
This stance is interesting since the industry has recently been seen to downplay the role of new pipelines
in enabling
oilsands development given the rise of oil - by - rail.
Projects that haven't yet been given a final go - ahead by Suncor's board are being deferred, such the MacKay River 2 steam - driven
oilsands project
in northeastern Alberta and the White Rose
development off the east coast, which is operated by partner Husky Energy Inc. (TSX: HSE).
To put that into perspective, the current estimate of oil
in place
in the
oilsands is about 1.8 trillion barrels, but only 10 - 20 per cent of that is economically extractable, and only a small fraction of these economic reserves are currently under
development.
In comments that provoked outrage in Calgary, Young described the oilsands developments as «a disaster area from war.&raqu
In comments that provoked outrage
in Calgary, Young described the oilsands developments as «a disaster area from war.&raqu
in Calgary, Young described the
oilsands developments as «a disaster area from war.»
And while the Canadian capital market is far too small to provide the billions of dollars it will take to develop the
oilsands, Canada has a distinct middle - of - the - road ranking
in the Foreign Direct Investment Regulatory Restrictiveness index of the Organisation for Economic Cooperation and
Development, reflecting the inward investment screening within the Investment Canada Act.