They continue to bail
out of oil sands stocks, which are down by 70 percent in the last seven years.
Keystone XL and pipeline capacity
out of the oil sands and oil shale projects should be monitored, especially for holders of UNP and the some of the railcar manufacturers.
According to Levant, «If we actually want to make the world a better place, a more moral place, the ethical thing to do is to pump as much oil as we possibly can
out of the oil sands, knowing that every barrel we produce in Canada displaces a fascist barrel from Saudi Arabia, a misogynist barrel from Iran and a dictatorial barrel from Venezuela.»
The railroads are already gearing up big - time to handle oil
out of the oil sands if a pipeline doesn't go thru.
The Conference Board of Canada (not BoingBoing's favourite think tank) has released a report that says, well, yes, there is a lot of CO2 that comes
out of the oil sands, but:
Whether you're a trucking company operating
out of the oil sands or you're a business dealing with transportation issues as part of your daily operations, our experienced team can work with you to determine your specific needs.
Not exact matches
Cenovus, one
of the biggest
of Canada's
oil sands producers, said in March that it was operating at lower capacity due to the maxing
out of pipelines and other routes through which it sends heavy
oil south to U.S. markets.
The U.S. can produce as much shale
oil as it wants, but its Gulf Coast refineries are geared toward heavier kinds
of crude that can easily process
oil sand bitumen but aren't geared toward the lighter crude coming
out of, say North Dakota's Bakken play.
The letter also argues that the chiefs
of some
of the biggest companies involved in Alberta's
oil sands industry have publicly come
out in favor
of such stricter carbon pricing.
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.
If I take Keystone XL
out of the mix, in my toy model, I haven't impacted the cost
of the marginal barrel
of oil sands because I haven't changed the cost
of a barrel shipped by rail, I've simply reduced the profit on the barrels which would be shipped via KXL by forcing them to be shipped to market in a more expensive way.
Even as the agreement was being hashed
out, however, attention was already turning to a burst pipeline at Nexen's Long Lake
oil sands site that spilled 31,000 barrels
of bitumen,
sand and salty water into the surrounding muskeg.
Soon, Lake explains, he'll start looking for a lifestyle increasingly on offer to mobile young people like him: work at a northern Alberta
oil sands project, but live further south, either flying in and
out of a camp or driving up once a week.
The
oil we're now pulling
out of the ground in North America, whether from the
oil sands or shale rock in North Dakota, is tough to get at.
A lot
of dirty
oil is going to come
out of the tar
sands, be refined in China and create enough Co2 to push the planet into climate disaster.
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.
My University
of Alberta colleague Andrew Leach is fond
of pointing
out that exports
of manufactured products from Southwestern Ontario push up the value
of the Canadian dollar, making life more difficult for
oil sands producers.
Even as the agreement was being hashed
out, however, attention was already turning to a burst pipeline at Nexen's Long Lake
oil sands site that spilled 31,000 barrels
of bitumen,
sand -LSB-...]
As this opinion piece points
out, anyone thinking
of boycotting
oil from the
oil sands needs to think about what they're choosing instead:
Oil sands workers for training in renewable energyThe government of Alberta should invest in training out - of - work oil sands workers in renewable ener
Oil sands workers for training in renewable energyThe government
of Alberta should invest in training
out -
of - work
oil sands workers in renewable ener
oil sands workers in renewable energy.
The Alberta government received the final report from the independent panel led by University
of Alberta economics professor Andrew Leach and announced its plans to phase
out coal burning electricity plants, phase in a price on carbon, introduce a limit on overall emissions from the
oil sands and introduce an energy efficiency strategy.
While it's true that Notley won with the Alberta Tory dynasty and other opposition parties crumbling all around her, the Alberta NDP platform for 2015 had blanched
out many past pledges to slash university tuition fees, regulate the electricity network or tightly control the pace
of oil sands expansions.
Oil majors like Shell and Statoil are pulling
out of the tar
sands already.
After 9 - 11 I began attempting to boycott anything that has and will ever come
out of the Middle East, which includes Judaism Catholiscism, Islam,
oil and
sand.
The parables disclose with what pleasure and tolerance he surveyed the broad scene
of human activity: the merchant seeking pearls; the farmer sowing his fields; the real - estate man trying to buy a piece
of land in which he had secret reason to believe a treasure lay buried; the dishonest secretary, who had been given notice, making friends against the evil day among his employer's debtors by reducing their obligations; the five young women sleeping with lamps burning while the bridegroom tarried and unable to attend the marriage because their sisters who had had foresight enough to bring additional
oil refused to lend them any; the rich man whose guests for dinner all made excuses; the man comfortably in bed with his children who gets up at midnight to help his importunate neighbor only because he despairs
of getting rid
of him otherwise; the king who is
out to capture a city; the man who built his house upon the
sand and lost it in the first storm
of wind and rain; the queer employer who pays all
of his men the same wage whether they have worked the whole day or a single hour; the great lord who going to a distant land entrusts his property to his three servants and judges them by the success
of their investments when he returns; the shepherd whose sheep falls into a ditch; the woman with ten pieces
of silver who, losing one, lights the candle and sweeps diligently till she finds it, and makes the finding
of it the occasion
of a celebration in which all
of her neighbors are invited to share — and how long such a list might be!
We should be digging our way
out of our fiscal hole and economic doldrums, instead
of burying our heads in the (
oil)
sand.
Seeing an opportunity to offset some
of the emissions from its
oil -
sands development, the province
of Alberta committed Can $ 2 billion (US$ 2.1 billion) to sequestration in 2008 and is now working
out agreements with commercial partners on four projects.
In Alberta, these large pits
of crude
oil are trapped within
sand, so getting the
oil out of the
sand is harder.
CO2 also acts kind
of like dishwashing liquid; it scours
out oil lurking between grains
of sand.
Fracking — the process by which water,
sand, and chemicals are pumped underground to force the
oil out of rock formations — is suspected
of contaminating nearby aquifers and wells, as well as causing dozens
of small earthquakes near the drill sites.
Fracking relies on the high - pressure injection
of water,
sand, and other chemicals to create microfractures in rock formations, thereby making it easier to draw
out oil and gas.
«
Oil sands and offshore drilling are both symptoms of the same problem: We're running out of easy oil,» says Simon Dyer, oil sands director at the Pembina Institute, a nonprofit sustainable energy research organizati
Oil sands and offshore drilling are both symptoms
of the same problem: We're running
out of easy
oil,» says Simon Dyer, oil sands director at the Pembina Institute, a nonprofit sustainable energy research organizati
oil,» says Simon Dyer,
oil sands director at the Pembina Institute, a nonprofit sustainable energy research organizati
oil sands director at the Pembina Institute, a nonprofit sustainable energy research organization.
He lost a lot
of money in stocks like Canadian
oil sands and others and that's when he knew he'd run
out of inventive ideas to keep his portfolio going on stocks.
The creepy church buried beneath
sand dunes, the crumbling lighthouse and the reclaimed
oil platforms are stand
out moments that are all well designed and are full
of those «Huh, something bad happened here» moments.
Building the Fort McMurray Airport
out of it might just offset five seconds
of the
oil sands production down the road, but it's a start.
After a week
of segments on climate confusion,
oil sands and cities and efficiency, we moved
out to the broadest view
of the human adventure, with a discussion
of the notion that Earth has entered an epoch called the Anthropocene.
The one pipeline would be no big deal if there were some agreement that that's all the
oil that's coming
out of the
sands, but how likely is that?
Geophysics reveals the requirements: phase
out coal, leave tar
sands in the ground, do not pursue the last drops
of oil.
Environmentalists» statements about the massive greenhouse impact from
oil -
sand carbon don't mention that it would take a millennium or more, even at a breath - taking rate
of extraction
of, say, 5 million barrels a day, for that CO2 impact to be fully realized (as if no new energy options, or methods for sopping up CO2, will arise in the future), as pointed
out by Andrew Leach last June:
Nader said, «We do not need nuclear power... We have a far greater amount
of fossil fuels in this country than we're owning up to... the tar
sands...
oil out of shale... methane in coal beds...» Sierra Club consultant Amory Lovins said, «Coal can fill the real gaps in our fuel economy with only a temporary and modest (less than twofold at peak) expansion
of mining.»
Here's the tweet from @exxonmobil sent in response to critics who pointed
out that, because
of a major loophole that needs to be closed, bitumen is not considered crude
oil, and therefore tar
sands pipeline operators like Exxon aren't required to pay into the
oil spill cleanup fund.
Arkansas» Attorney General Dustin McDaniel has contracted
out the «independent analysis
of the cleanup»
of the ExxonMobil Pegasus tar
sands pipeline spill to Witt O'Brien's, a firm with a history
of oil spill cover - ups, a DeSmogBlog investigation reveals.
Perhaps the most totemic sign
of the times came in September when the Rockefeller Brothers Fund, a philanthropic body set up by the heirs to the Standard
Oil fortune, announced that it would pull its money
out of fossil fuels, beginning with coal and tar
sands.
On Tuesday night, hundreds
of Delaware residents near the Delaware City Refinery spoke
out at a public hearing about the air permit for the facility as it plans to refine tar
sands oil.
Alberta Energy has awarded Titanium Corporation a C$ 3.5 - million grant to research the value - added opportunities and environmental benefits
of stripping
out hydrocarbons and heavy minerals from
oil sands... Read more →
The forecast also breaks
out oil sands production by extraction method (mining and drilling) and tracks the amount
of domestic upgrading.
Berman, author
of This Crazy Time and co-founder
of ForestEthics, pointed
out that every independent study, including one from the U.S. Department
of Energy, has found that the
oil sands are one
of the world's dirtiest forms
of oil, producing three times more greenhouse gas emissions per barrel produced, and 22 per cent more than conventional
oil when their full life cycle
of emissions, including burning them in a vehicle, is included.
Millions
of gallons
of pressurized water,
sand, and chemicals are then used to create fissures in the rock and release
oil, which is pumped
out.
That means that the environmental benefit
of raising fuel efficiency from 20 to 27 MPG would be wiped
out if that vehicle is now burning
oil from tar
sands.
Grand Chief Serge Simon
of the Mohawk Council
of Kanesatake said, «On behalf
of the Treaty Alliance Against Tar
Sands Expansion, we thank these organizations for showing leadership in heeding the call
of the Mazaska Talks campaign to divest from the banks responsible for DAPL and the four pipelines being proposed to carry even more tar
sands oil out of Canada.