Canada has the third-largest oil reserves in the world, but we import large volumes of oil from foreign sources into Eastern Canada, including Quebec, every day. Oil refineries in Quebec and Atlantic Canada import more than 600,000 barrels per day from foreign sources. But with Canadian oil production growing, using Canadian crude oil in Quebec, […]
Comment: Oil industry taking on well-funded environmental groups
Back in 2004, Wilburforce Foundation stipulated that the purpose of funding the Yellowstone to Yukon (Y2Y) was to protect the region “from oil and gas development, through an advocacy campaign that focuses on grizzly bears and critical wildlife habitat,” tax returns say. Since then, the Wilburforce foundation has granted more than US$25 million to environmental […]
Who’s right and who’s wrong?
What are the numbers telling us when it comes to greenhouse gas (GHG) emissions from the Keystone XL pipeline? All depends on who you want to believe. The U.S government says there will be no appreciable increase in GHG emissions. A new study by the Stockholm Environment Institute dispute that. Researchers Michael Lazarus and Peter Erickson claim the […]
Comment: How a new ‘golden rule’ is shaping oil and gas projects
“Remember the Golden Rule,” said the stunted king from the cartoon The Wizard of Id, “whoever has the gold, makes the rules.” A growing number of institutional investors are heeding the king of Id’s sarcastic “golden rule.” But unlike Parker and Hart’s irreverent cartoon, the real-life outcome of shareholder activism – the influence of the […]
Comment: Train riskier than pipeline for oil
People who are adamantly protesting the Northern Gateway pipeline’s tentative approval seem to forget one very important thing. Both the Canadian National and the Canadian Pacific Railways are ready to use “unit trains,” similar to the coal trains that rumble along to the Roberts Bank super port, but instead of coal, the trains will be […]
Canadian crude by the numbers, a CAPP report
Production There are 173 billion bbls of proven oil reserves in Canada. The oil sands hold 167 billion bbls . Canadian crude oil production is expected to increase to 6.4 million bpd to 2030. Oil sands production is expected to increase to 4.8 million bpd by 2030. The bitumen upgrading is not likely to increase […]
Comment: Seizing an opportunity
Prior to a recent tour of British Columbia, I thought people in the province were opposed to shipping the product of Canada’s oil sands through their province. But I saw firsthand that the reality is far more complex. The natural inclination for many Albertans is to tell the people of BC about the economic benefits […]
Comment: Do we need a moratorium on oil sands development?
by Alberta School of Business professors Andrew Leach and Branko Boskovic In a comment published in Nature on June 25, Wendy Palen of Simon Fraser University and a series of co-authors argue that a policy should be imposed in North America such that, “no new oil sands projects should move forward unless developments are consistent […]
Comment: Oil sands producers care about health
Canada’s oil sands producers are deeply concerned about suggestions that we don’t take proper protective measures, or that we lack care or concern about our neighbours’ health. These suggestions are troubling to us as citizens, parents and employees. A Royal Society of Canada scientific report found no evidence linking health issues to oil sands development. […]
Decision to ban oil sands shipments may be waste of time
UPDATE: The South Portland city council did decide to block heavy crude exports from its harbor. The result of a campaign by green groups to prevent the flow of oil from Alberta through a pipeline to the port. That doesn’t mean it’s the last word on the subject and the whole exercise may have been […]
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