Sentences with phrase «on oil sands»

Legal Feeds News roundup — November 29, 2013 Canada: Regulations on oil sands emissions not ready to be unveiled, Reuters Harper's office hires three law firms to handle Duffy - Wright investigation, Montreal Gazette Watchdog warns Federal government is losing data that «should be available to the public», Vancouver Sun United States: Legislative leaders in Illinois strike deal on pensions, Reuters...

I think the approach of focusing on oil sands because they are a relatively new and growing industry misses the point of full - cost accounting — we should be looking to maximize the net benefits we derive from our resources, and this should apply to everything we do.

The foreign funding can help pay for what research firm IHS CERA estimates will be $ 100 billion in spending on oil sands projects over the next decade.

Opponents have mounted a well - organized, celebrity - studded campaign against the pipeline, arguing it would increase U.S. dependency on the oil sands, which they describe as the world's dirtiest oil.

At the heart of BP's resistance to its dissident shareholders» resolution on oil sands is a point of principle: managers should be free to manage.

Assessed using the $ 40 per ton central estimate of the SCC, the carbon charge on oil sands crude would be about $ 4 per barrel higher than the carbon charge on average US crude.

The government will increase its royalty share from oil sands development by introducing price - sensitive formulas both pre - and post-payout, rather than implementing an industry - wide tax on oil sands production.

The province will exercise its existing right to receive «royalty - in - kind» on oil sands projects (i.e. raw bitumen delivered to the Crown - operated Alberta Petroleum Marketing Commission in lieu of cash royalties).

I then made my pitch for a carbon fee - bate policy which would place a carbon price on oil sands and other sources of carbon emissions equivalent to that paid by firms in the EU and which, if implemented worldwide, would allow the world to meet science - based emissions reduction targets.

To illustrate, Alberta collected just $ 827 million in royalties on oil sands company sales of $ 120 billion in 2016 (note that this figure also includes downstream revenues).

Thus, State analyzed whether KXL would have significant impacts on oil sands extraction, not whether political suppression of all oil transport would have significant impacts.

At the same time, Alberta now has an ambitious climate plan that includes a carbon tax and hard cap on oil sands emissions.

So basically, if we assume the oil and gas are too irresistibly convenient to be left in the ground, within the trillion - ton target we could hypothetically still binge on oil sands if and only if we were to quit coal cold turkey.

With so much of their economy based on oil sands, fracking, and refineries, Canada depends on a decent global oil price in order to be economically stable.

Similarly, Canada has been aggressive in funding research like Mercier's and carbon capture research on oil sands operations via national funds and a $ 2 billion money pot from Alberta, said the analyst.

But oil prices are now critically low, Alberta has capped on oil sands emissions, and industry analysts worry about a pipeline overbuild.

Overly optimistic projections of future oil supply, which are much higher than the latest NEB projections and don't consider the Alberta government's cap on oil sands emissions imposed by its Climate Leadership Plan.

The group of 18 includes representatives from municipal governments, First Nations, Metis communities, the energy industry, and environmental groups who will «advise government on the oil sands aspects of the Climate Leadership Plan and ensure that its initiatives are effective and widely supported.»

Former Finance Minister Ted Morton is moving into the Energy Minister's office, an area where he will be comfortable defending the province's record on oil sands development.

He noted the federal - provincial climate agreement will limit any impact on greenhouse gases because Alberta has set a cap on oil sands emissions.

«The Deepwater Horizon disaster has also focused attention on the oil sands» 170 - billion [barrels] of economically recoverable reserves,» said Peter Buchanan and Meny Grauman.

First, Trudeau had to work with the NDP government in Alberta to twin his plan for a national price on carbon with its provincial plan and with its idea to put an emission cap on the oil sands.

In preparation for testimony before the House of Commons finance committee in Ottawa on March 10, I pulled together some thoughts on three aspects of the impact of the oil - price crash on oil sands projects and policies, and I thought I'd share them with you here over this and the next couple of posts.

Here, in part one of three, are my notes on oil sands project viability in this new, low - price environment.

Next, I want to address the potential impact of new GHG policies on oil sands projects — in short, I want to show that the Prime Minister's contention that it would be crazy to impose new GHG regulations on the oil sands sector is incorrect.

In order to understand the impact of the oil price crash on oil sands, you need to look at the implications for each of these categories.

«Rick's impact on the oil sands industry, the Canadian business community, and the broader community has been immeasurable,» Steve Williams, Suncor's current CEO, said in a statement.

A detailed report for the Canadian International Council, for example, cited «opportunities to broaden climate change and clean energy discussions,» including «the potential impact of Canadian and American climate change policy on oil sand exporters.

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.

Grantham also has strong views on the oil market, which isn't surprising for a devoted environmentalist who participated in Keystone pipeline protests and has called for the death of the «tar sands.»

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.»

The B.C. government has pinned much of the province's economic future on LNG exports, saying the projects are equivalent to Alberta's oil sands in terms of jobs and revenue generation.

Rick George, who helped pioneer Canada's oil - sands industry during two decades at the helm of Suncor Energy Inc., died on Tuesday after a year - and - a-half battle against acute myeloid leukemia.

Suncor Energy Inc., the world's second - largest oil - sands producer, said first - quarter profit fell 23 percent on lower output, higher costs and absence of a gain from insurance settlements a year earlier.

The Panel excluded any discussion of the environmental impacts of oil sands development, although they did allow the consideration of increased oil prices generated by the pipeline on the taxes and royalties associated with forecast future oil sands production.

The pipeline would connect Canada's tar sands with refineries on the Texas Gulf Coast that specialize in processing heavy crude oil.

As it is currently planned the twin pipeline will carry 525,000 barrels of bitumen a day from the oil sands west to a terminal in Kitimat on the B.C. coast, where it could be shipped to Asian refineries, as well as refined oil products used to dilute the bitumen flowing east.

The future viability of oil sands projects depends not just on your view of world oil prices — it depends just as much on how these factors evolve, in particular discounts to Canadian heavy products and the Canadian dollar.

Exxon has argued against all the other shareholder proposals as well, including a «policy to explicitly prohibit discrimination based on sexual orientation and gender identity»; a policy articulating Exxon's «respect for and commitment to the human right to water»; «a report discussing possible long term risks to the company's finances and operations posed by the environmental, social and economic challenges associated with the oil sands»; a report of «known and potential environmental impacts» and «policy options» to address the impacts of the company's «fracturing operations»; a report of recommendations on how Exxon can become an «environmentally sustainable energy company»; and adoption of «quantitative goals... for reducing total greenhouse gas emissions.»

Though that's a tough sell for environmentalists who worry about the devastation these oil sands are wreaking on the natural environment.

The Liberals are unlikely to make any final decision on drug testing until the Supreme Court of Canada rules on its legality in a case between Suncor and workers at its Alberta oil sands operation, said Troy Winters, senior health and safety officer with the Canadian Union of Public Employees.

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.

«There's a question of whether going along with the approval of the Northern Gateway pipeline will make LNG development in B.C. more challenging by angering First Nations so adamantly opposed to the oil sands pipeline,» said George Hoberg, a professor at the University of British Columbia's school of forestry and founder of UBCC350, a group pressing for action on greenhouse gas emissions.

Back in March, 1,000 construction workers employed on contract to work on the $ 3.2 billion Sunrise oil sands project were laid off.

It adds 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.»

The Alberta government's revision of the Mine Financial Security Program (MFSP) continues down a wrong - headed path where the province is willing to take on environmental risk to enable oil sands development.

On the same day the Obama Administration put the kibosh on the Keystone XL pipeline, two engineering contracts totaling $ 12.2 billion were awarded to two U.S. companies for work in the Alberta oil sandOn the same day the Obama Administration put the kibosh on the Keystone XL pipeline, two engineering contracts totaling $ 12.2 billion were awarded to two U.S. companies for work in the Alberta oil sandon the Keystone XL pipeline, two engineering contracts totaling $ 12.2 billion were awarded to two U.S. companies for work in the Alberta oil sands.

The difference between Brent and a barrel of Western Canadian Select, the benchmark price for oil sands product, was even more significant, a fact that had caused considerable hand wringing in downtown Calgary as well as on Parliament Hill.

Stay tuned for updates on this developing story of how Vancouver, the «greenest city in the world,» may quietly become the main tanker route for oil sands crude bound for China.

The Conservative majority suggests a business - as - usual trajectory for Canada's climate change ambitions: rapid oil sands expansions, soaring greenhouse gas emissions, reductions targets on paper, if nowhere else.