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Canada Fires Cost Oil Sands Production $760 Million
2016-05-19 14:19:00| Climate Ark Climate Change & Global Warming Newsfeed
Inside Climate News: A new report into the financial impact of the McMurray fires says some $760m (C$985m; 528m) in oil sands production has been lost. The analysis says the blaze has meant the loss of 1.2 million barrels of oil a day over two weeks. The sum is equivalent to 0.33% of the province of Alberta's projected GDP this year, as well as representing 0.06% of the country's projected GDP. "These are big numbers," Kevin Birn, an analyst at IHS Energy, said. "The industry was already feeling the impact...
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Category:Electronics and Electrical