Sentences with phrase «sold oil sand»

Not exact matches

Shell agreed last year to sell most of its stake in the oil sands to Canadian Natural for $ 7.25 billion.

Last March, Royal Dutch Shell said it was selling most of its stake in Canada's oil sands, a vast project that has extracted millions of barrels of sticky, gooey hydrocarbons from the ground in a process that resembles mining more than drilling.

Shell has been selling off billions of dollars worth of projects, including the oil sands, that it believes can't meet its new low - cost bar.

But the project has galvanized environmentalists who say developing Canada's oil sands would spike carbon emissions linked to climate change and that much of the oil would be sold abroad.

Suncor provides a good, diversified example of the sector — Suncor markets oil sands products from a variety of operations, both mining and in situ operations, and sells both diluted bitumen and synthetic products including diesel fuel.

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

Statoil, Total, Shell and ConocoPhillips have all recently sold off oil sands stakes for a total of $ 27.3 billion in cash and shares, leaving most operations concentrated in the hands of a few large Canadian firms.

Jeff I figure at best Canada has 50 years to sell oil and then renewables, safer nuclear, electric cars and greater energy efficiency will make the oil sands worthless.

The oil - sands crowd — most of the population and almost the entire political class of Alberta and Saskatchewan — are defending the right of hard - working people to extract and sell a product that is, after all, legal to own and use, and that probably got your car to work this morning: hydrocarbon - based fuels.

Refiners don't particularly want tar sands oil, which is tougher to make into usable transportation fuel, so it sells for about $ 20 to $ 30 less per barrel than crude from Texas or the Dakotas.

It is relatively costly to produce oil from Alberta's unconventional oil sands, thus making it difficult for producers to profitably produce and sell oil in North America.

Forget the fixed costs of development; just the operating costs of keeping a project online are significantly higher than the revenue that an oil sands producer would earn from selling their bitumen.

More 2014: In September, Neva Rockefeller Goodwin and others announced that the Rockefeller Brothers Fund would sell off its $ 45 million in fossil fuel investments, starting with coal and oil sands holdings, and shedding any remaining holdings gradually over several years.

Royal Dutch Shell plc announced the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its in - situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP)... Read moroil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP)... Read morOil Sands Project (AOSP)... Read more →

Calgary - based Suncor Energy, the No. 2 oil - sands producer in the world, announced that it has sold its billionth barrel of oil sands crude since it began operations in 1967.

Canadian oil sands crudes are on average somewhat more GHG emission - intensive than the crudes they would displace in U.S. refineries, as Well - to - Wheel GHG emissions are, on average, 14 % -20 % higher for Canadian oil sands crude than for the weighted average of transportation fuels sold or distributed in the United States;

discounting the final consumption phase of the life - cycle assessment (which can contribute up to 70 % -80 % of Well - to - Wheel emissions), Well - to - Tank (i.e., «production») GHG emissions are, on average, 72 % -111 % higher for Canadian oil sands crude than for the weighted average of transportation fuels sold or distributed in the United States;

Western Canadian Select, the benchmark for tar sands oil, trades at a discount to U.S. crude because it is lower - grade oil that's bought and sold in Hardisty, Alberta, far from U.S. refinery customers.

In Canada, the dirty energy industry lobby has been hard at work creating whitewash campaigns to help sell Canadian tar sands to the rest of the world, even claiming that they are producing «ethical oil,» whatever that is.

The main economic goal of the TMX project is to increase netbacks to oil sands producers by avoiding bitumen oversupply problems at Cushing, Oklahoma (also known as «The Pipeline Crossroads of the World») and by providing an option on selling the product into alternative markets in Asia and California.

Amanda Starbuck, the Climate Program Director at Rainforest Action Network, put it this way: «Many big corporations that sell commodities far removed from oil extraction are nonetheless enabling the nightmarish expansion of the tar sands by refusing to purge tar sands oil from their fuel supply chains.

Overwhelmingly, experts agree that oil mined from tar sands in Alberta, Canada is far worse for the climate than most of the oil currently produced and sold in the United States, because of the added pollution from extracting, refining, and delivering it.

If CN or others can effectively commercialize this tar sands - to - pellet technology, it looks like a win for the oil industry and another channel for Canada to sell to the rest of the world an oil that is 17 — 21 percent dirtier in carbon pollution.

Continued development of oil sands would also help the U.S. economy; hundreds of American companies sell oil services in Canada.

The Church said # 12 million worth of investments in companies making 10 % or more of their revenues from the production of coal or oil from tar sands would be sold.

So this story — reported by Cleantechnica — is about perfectly designed to make my little TreeHugging heart sing: Norwegian oil and energy giant Statoil has spent the end of 2016 selling off its assets in Canadian tar sands, and securing rights to develop a gigantic offshore wind farm off the coast of New York State.

I cut on it... and clean it with bleach... about twice a year we sand it down and reapply the swedish oil that Ikea sells for this countertop.