Archive for the ‘Alberta Oil/Oil Sands’ Category

Imperial oil sands plans dealt blow

Friday, April 4th, 2008
posted by admin

CALGARY — The federal government has revoked a key water permit for Imperial Oil Ltd.’s proposed $8-billion Kearl oil sands mine, delaying work on a major new oil sands development as environmental scrutiny of the massive projects around Fort McMurray intensifies.Imperial, which is majority-owned by Exxon Mobil Corp., has been granted an expedited court hearing, scheduled for early May, on its application to overturn the decision. The company says the lost permit could mean a delay of one or more years, according to an affidavit.

Read the entire story here:

http://www.theglobeandmail.com/servlet/story/LAC.20080331.RIMPERIAL31/TPStory/Business 

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Imperial oil sands plans dealt blow

Monday, March 31st, 2008
posted by admin

Kearl project faces delay as Fisheries and Oceans pulls water authorization

CALGARY — — The federal government has revoked a key water permit for Imperial Oil Ltd.’s [IMO-T] proposed $8-billion Kearl oil sands mine, delaying work on a major new oil sands development as environmental scrutiny of the massive projects around Fort McMurray intensifies.

Read the story here:

http://www.theglobeandmail.com/servlet/story/RTGAM.20080331.wrimperial31/BNStory/energy/home

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Canadians souring on Alberta oil sands

Thursday, March 27th, 2008
posted by admin

CALGARY, Alberta, March 25 (UPI) — Half of Canadians want Alberta’s oil sand development slowed over environmental concerns, a poll published Tuesday indicated.

The Environmental Defense group commissioned the poll of 1,014 people March 7-10, and 52 percent said expansion of oil production should not be given federal approval until “environmental management issues are resolved,” compared with 32 percent who said they should be “permitted so as not to curb economic growth,” the Calgary Herald reported.

Read the story here:

http://www.upi.com/NewsTrack/Top_News/2008/03/25/canadians_souring_on_alberta_oil_sands/7119/ 

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Why carbon capture is an illusion

Tuesday, March 25th, 2008
posted by JR

On March 10, Environment Minister John Baird released detailed regulations to address global warming. These so-called tough measures lean heavily on new technology that captures and stores greenhouse gas emissions. Mr. Baird says catching carbon emitted from coal-fired power plants and tar-sands projects, then burying it deep underground, is a large part of Canada meeting its greenhouse gas emissions targets for 2020 and 2050.

This is unlikely. Even if we set aside the fact that Prime Minister Stephen Harper’s government has set new, weaker goals so that Canada is no longer holds up its share of the Kyoto agreement, the sorry truth is that carbon capture and storage is a kind of fool’s gold — all glitter and promise, but of no real worth. It won’t enable us to meet even these weaker commitments, and it will be an expensive, diversionary tactic while Canada climbs the carbon charts.

http://www.theglobeandmail.com/servlet/story/RTGAM.20080318.wcomment0319/BNStory/Front/home

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Awash in cash, Canadian oil patch braces for changes

Sunday, March 16th, 2008
posted by admin

CALGARY, EDMONTON — As Alberta’s oil sands reach a global scale, they are facing ever tougher environmental scrutiny and now, a new volley of federal legislation. Ottawa yesterday afternoon unveiled draft rules that would require projects starting operations in 2012 and beyond to reduce greenhouse gases, largely through carbon capture technology.

For oil producers, the bottom-line impact of the still sketchy draft legislation is difficult to assess.

Read the entire story here:

http://www.theglobeandmail.com/servlet/story/RTGAM.20080310.r-carbon11/BNStory/Business

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TransCanada pipeline clears key hurdle

Sunday, March 16th, 2008
posted by admin

TransCanada Corp. has secured a major boost to its plans for the long-awaited $5.2-billion Keystone oil pipeline, securing a U.S. presidential permit that allows the construction of the gargantuan infrastructure project.While TransCanada must still secure some approvals from U.S. states, getting the presidential permit was considered to be the largest regulatory hurdle to getting Keystone approved. The company expects the pipeline, which will be the most expensive yet built by TransCanada, to open up a vast, untapped market in the southern U.S. for Canadian producers, creating new buyers and improving price stability for crude from Alberta’s oil sands.

Read the entire story here:

http://www.theglobeandmail.com/servlet/story/LAC.20080315.RTRANSCANADA15/TPStory/Business 

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Much-scorned oilsands industry fights to improve its image

Saturday, March 15th, 2008
posted by admin

EDMONTON – Rick George has no illusions about how the oilsands industry that his firm started 41 years ago stands in fashionable opinion.

“There are a number of storm clouds threatening to rain on our parade,” the Suncor Energy president reminded the 2008 World Heavy Oil Congress in Edmonton this week.

Business and government leaders set out to counter green crusaders’ portraits of Alberta as a dirty energy superpower, or at least clear up some of the hazy imagery, by asking for the oilsands to be viewed through a reasonable sense of proportion.

Reads the story rhr;

http://www.canada.com/edmontonjournal/news/business/story.html?id=7a993c1a-064f-47c7-b093-f54cf69c69c4&k=20116 

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Emissions caps will reshape energy industry, experts predict

Thursday, March 13th, 2008
posted by admin

CALGARY – Ottawa’s massive planned changes to emission regulations for power producers and oilsands projects have the potential to remake Alberta’s generation industry – and scare investment from bitumen extraction and upgrading, experts say.

Read the entire story here:

http://www.canada.com/calgaryherald/news/story.html?id=6260ef5a-829e-4b44-8983-c5aa04c6abf1&k=55705

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Emissions rules not so ‘tough’

Thursday, March 13th, 2008
posted by admin

The Alberta oil sands are the fastest growing sector of the Canadian economy and a major generator of jobs in Western Canada. That, in turn, renders oil-sands development vital to Prime Minister Stephen Harper’s western-based Conservative government. But the oil sands are also the largest single source of greenhouse gases in Canada.

The tension between those opposite sides of oil-sands development has created a major predicament for Harper: How to sustain oil-sands growth and, at the same time, meet the target he has set for himself of reducing Canada’s greenhouse gas emissions by 20 per cent by 2020.

Read the entire story here:

http://www.thestar.com/comment/article/339434 

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US law could interrupt flow from Canada’s oil sands: Ottawa

Tuesday, March 11th, 2008
posted by admin

OTTAWA (AFP) — Canada is warning that new US legislation could prohibit its southern neighbor from buying fuel from its oilsands with “unintended consequences for both countries,” officials said Monday.

“The government of Canada has concerns about how section 526 of the December 2007 US Energy Independence and Security Act could be interpreted to include Canadian oil sands,” Eugenie Cormier-Lassonde, a spokeswoman for Canada’s foreign affairs department, told AFP.

Section 526 of the law prohibits the US government from procuring alternative fuels with higher lifecycle greenhouse gas emissions than conventional petroleum sources.

Read the entire story here:

http://afp.google.com/article/ALeqM5iuOuRHt_VoS9xYTa6CbLE5Td1UMQ 

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