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Tag: oil sands
Big Boost for Oil Sands as Key Players Forge Ahead
2013-11-01 05:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Globe and Mail: So much for the slowdown in the oil sands. Some of the world's largest energy companies have unleashed a torrent of oil sands spending, despite industry concerns about access to export markets, soaring costs and volatile Canadian heavy crude prices. Suncor Energy Inc., France's Total SA and Teck Resources Ltd. gave the go-ahead to the long-delayed Fort Hills mining project, with a price tag of some $13.5-billion. Enbridge Inc. said it will spend $3-billion on pipelines for the project, where...
Canada: Oil Sands Prevail Even if Most Carbon Becomes 'Unburnable': Suncor
2013-10-30 11:57:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The phrase unburnable carbon has gained currency among climate-minded investors, popularized by a U.K.-based nonprofit called the Carbon Tracker Initiative. It refers to the vast fossil-fuel reserves that, if burned, would probably push the global climate into the danger zone. Some investors are concerned that stock-market valuations would plummet if oil companies continue to spend hundreds of billions of dollars on exploration while the world lunges away from oil. Last week, a coalition of...
US Oil Sands Closes $81 Million Strategic Financing
2013-10-28 18:20:00| OGI
Blue Pacific Investments Group Ltd., Anchorage Capital Group LLC, and Spitfire Ventures LLC and certain accredited investors were the strategic investors.
Tags: million
oil
strategic
financing
In Canada's Alberta province, oil sands boom is a two-edged sword
2013-10-21 09:30:00| Climate Ark Climate Change & Global Warming Newsfeed
LA Times: In the Cree language, the word "athabasca" means "a place where grass is everywhere." Here in Alberta, the Athabasca River slices through forests of spruce and birch before spilling into a vast freshwater delta and Lake Athabasca. But 100 miles upstream, the boreal forest has been peeled back by enormous strip mines, where massive shovels pick up 100 tons of earth at a time and dump it into yellow trucks as big as houses. The tarry bitumen that is extracted is eventually shipped to refineries,...
Tags: oil
province
boom
alberta
U. Calgary analysis of energy balances and emissions of SAGD oil sands production finds need for improved processes; some operations not thermally efficient or net generators of energy
2013-10-19 19:30:20| Green Car Congress
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