Sentences with phrase «than oil sands»

In fact, Alberta's coal deposits contain more carbon than the oil sands do.

Services, for example, generally require less investment than oil sands or motor vehicle production.

Not exact matches

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.

More than half of affected reserves are in deep - water projects, and nearly 30 percent are in Canadian oil sands.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil sands project is a lot of risk for less than a 10 % rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Environmentalists oppose the project because it will encourage the development of Canada's oil sands, a type of oil resource that requires more energy to tap than conventional reserves.

Whether it's the stability of our banks, the vastness of Alberta's oil sands, or the gravity - defying march of home values, Canadian markets and businesses have more international appeal — and demand more attention domestically — than ever before.

Presumably, much of the criticism of tar - sand oil isn't that it's so environmentally evil that it's ethically worse than, say, Saudi oil.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Without it, they contend, plans to more than double oil sands output over the next decade would stall.

Oil sands stocks have underperformed the TSX by more than 40 percent in the last year.

Since then, China's state owned refining company, Sinopec paid more than $ 4.5 billion for a 9 % stake in Syncrude, the largest oil sand producer in the province.

Consider this: the US is increasing its own production of natural gas — much cleaner than tar sands oil.

Is a multi-well horizontal drilling project off of a single surface location materially different than a small - scale oil sands project?

Vancouver sits less than 750 miles from the Canadian oil sands but it may as well be on another continent for vehicle drivers.

She cited the fact that offshore projects are projected to account for just 3 per cent of total output in Canada by 2025, while the oil sands are forecast to represent more than 80 per cent.

Alberta's oil sands royalty system is so tilted toward the industry that the Alberta government now earns more revenue from gaming and liquor than from bitumen royalties.

Although the country is taking steps to rein in carbon pollution in other parts of the country, the exponential rise in emissions from the oil sands will more than offset gains being made elsewhere.

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.

While provinces other than Alberta are projected to benefit, modelling by the Canadian Energy Research Institute projects that 94 per cent of the GDP impact of oil sands development will occur within Alberta.

Nationally, however, Ontario's efforts to cut the amount of carbon pollution from electricity generation are more than offset by the growth in emissions from the oil sands, which are expected to triple by 2020 from 2005 levels.

The boom in unconventional fuels — such as bitumen extracted from Alberta's tar sands and oil extracted from North Dakota's Bakken shale formation by hydraulic fracturing («fracking»)-- has swelled global reserves even as climate scientists issue ever - sterner warnings that burning more than a small fraction of these reserves would be suicidal.

But the fact of the matter is that the oil sands have increased incomes across Canada to an extent much greater than that paragraph implies.

The risks associated with future toxic waste from the oil sands are, in some ways, more worrying than the much more widely known global warming ones.

Speaking in New York in May, Mr. Harper emphasized that the rejection of the Keystone XL pipeline would lead to an increase in oil sands shipments by rail, which he called «more environmentally challenging» than pipelines.

Matt Ridley, for example, in his recent book, The Rational Optimist, argues that the oil sands are a much more sane solution to current energy needs than things like wind (too unreliable and too little output) and biofuels (wasteful use of land).

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.

The extraction and processing of a viscous oil called «bitumen,» excavated from vast formations of sand just below the surface of Alberta's northern region, has come under fire because it requires more energy than many other oil operations.

That means the tar sands oil has to travel all the way to the Gulf of Mexico — more than twice the distance.

Canada's clean energy industries generate more direct employment than the tar sands / oil sands, Clean Energy Canada reported this week.

However, there's no more reliable source of oil than the Canadian oil sands.

Part of the reason for the rising supply is that unconventional methods of oil extraction like tar sands and hydraulic fracturing have yielded greater oil supplies than expected.

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.

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.

However, the fact that the average quantity of frack sand used per well has more than doubled in recent years — which has helped lower the breakeven price of U.S. shale oil — should help insulate the industry from the worst of the oil crash.

However, their long - term contracts and the fact that greater use of frac sand is one way for oil and gas companies to maximize productivity from each well means that demand declines might prove smaller than those of other oil services companies.

Extracting oil from Alberta, Canada's oil sands is expensive, so Cenovus» shares generally benefit more from rising oil prices than most other energy producers.

As this table shows, all three frac sand producers have current ratios (short - term assets divided by short - term liabilities) and quick ratios (liquid assets divided by short - term liabilities) much greater than 1, signifying strong balance sheets that should allow all three to weather the current oil crash.

Oil sands extraction raises concerns among environmentalists because it generates more of the heat - trapping gases causing climate change than conventional oil drilling, among other thiOil sands extraction raises concerns among environmentalists because it generates more of the heat - trapping gases causing climate change than conventional oil drilling, among other thioil drilling, among other things

Yet U.S. coal - fired power plants produce more than 30 times more CO2 than Albertan oil sands facilities — 45 million metric tons of greenhouse gases versus nearly two billion metric tons.

Even the oil sands ultimate consumption in a gasoline, diesel or jet engine only results in 500 kilograms of CO2 - equivalent per barrel of refined petroleum products, meaning total oil sands emissions from well to wheel are considerably lower than those of this nation's more than 500 power plants burning coal to generate electricity.

The plant flecks fly through the tube where ordinary sand heated to 500 degrees Celsius flashes them to an oil vapor in less than 800 milliseconds in a process called pyrolysis.

By linking Canadian fields to refiners in the Gulf Coast, the 1,200 - mile (1,900 - km) Keystone XL pipeline would be a boon to an energy patch where oil sands are abundant but that produce more carbon pollution than many other forms of crude.

Supporters argue the pipeline will boost the economy, while environmentalists say there could be spillages and that it will encourage the exploitation of tar sands oil, which emits more CO2 than regular oil.

More than 50 top European and U.S. scientists have written to the European Commission president urging him to press ahead with a plan to label tar sands as more polluting than other forms of oil, in defiance of intensive lobbying from Canada.

BRUSSELS (Reuters)- More than 50 top European and U.S. scientists have written to the European Commission president urging him to press ahead with a plan to label tar sands as more polluting than other forms of oil, in defiance of intensive lobbying from Canada.

The tar - sands oil — essentially diluted bitumen — is more acidic than regular oil and contains more sediment and moves at higher pressures.

But rather than searching for ways to stretch the oil we still have — like a modern Hanukkah — it makes more sense to accelerate development of clean alternatives such as electric cars or biofuels from algae — and avoid dirty ones like turning coal or tar sands to liquid fuels.

Whether such a quantity can be produced from tar sands and oil shale at a price near (never mind below) $ 30 per barrel is highly uncertain, but more suggestive of Lomborgs confusion in any case is that the price he mentions is higher (according to his own Figure 65) than the price of oil has been for any prolonged period in the last 120 years except for 1979 - 86, in the aftermath of the second (1979) Arab - OPEC oil - price shock.3 This means resources of tar sands and oil shale that would be economically exploitable only at prices around $ 30 per barrel are in fact more expensive than oil has been for nearly all of the last century.

More oil is trapped in Canadian sands than Saudi Arabia holds in its reserves.