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Tag: sands
E.U.'s 'Dirty' Label On Oil Sands Narrowly Defeated European Parliament Vote
2014-12-18 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
CBC: Canadian oilsands exporters narrowly survived a vote today in the European Parliament that could have once again labelled Alberta bitumen as dirty oil. A proposed fuel quality directive for European Union refineries has been the subject of a well-funded Canadian lobbying campaign for more than two years. Canadian negotiators thought the matter was settled this fall when the European Commission backed off and agreed to allow Canadian bitumen without singling it out as having a much more intense...
With sub-$60 oil, fracking and tar sands losses threaten financial system
2014-12-17 10:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Ecologist: A new financial crisis is threatening to dwarf the 'subprime' mortgage debacle, writes Paul Mobbs. Cheap money from central banks has fuelled some $1.3 trillion of risky investments in high-cost 'unconventional' oil and gas. Now, with oil sinking below $60, all that paper is turning to junk - and that's putting the entire economic system at risk. Throwing free money after bad, the US fracking industry mopped up a large wad of QE cash, and shortly after the number of drilling rigs in the US took...
Tags: system
financial
oil
losses
Operations start at Sunrise Phase 1 oil sands project in Canada
2014-12-15 01:00:00| Hydrocarbons Technology
Operations have been started at the Sunrise Phase 1 in-situ oil sands project in Alberta, Canada.
Surmont Phase 2 Oil Sands Project, Alberta
2014-12-11 01:00:00| Hydrocarbons Technology
Surmont Phase 2 Oil Sands Project involves the expansion of the Surmont steam-assisted gravity drainage (SAGD) plant to increase its production capacity from the existing 27,000 barrels of bitumen a day to 136,000 barrels of bitumen a day.
Tags: project
oil
phase
alberta
Canada sticks to line on oil sands at UN climate summit
2014-12-06 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Globe and Mail: Environment Minister Leona Aglukkaq heads to the United Nations climate summit this weekend with no new targets and no commitment to action on Canada's fastest growing source of greenhouse gases in the oil sands, but with a pledge to crack down on a little-known chemical that represents a tiny portion of this country's emissions. Ms. Aglukkaq will join global environment ministers in Lima next week as negotiators attempt to reach a draft agreement that would commit countries to aggressive action...
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