Oil sands effects on economy
Oil is our most-precious commodity as fuel for the global economy. It is also becoming a scarce commodity, as global production has flattened, while global demand continues to climb relentlessly, everywhere in the world except for the dying economies of Europe and North America. Hence the economic viability of oil sands production is more vulnerable to the price of oil. The price of benchmark West Texas Intermediate (WTI) oil at Cushing, Oklahoma above US$100/bbl that prevailed until late 2014 was sufficient to promote active growth in oil sands production. Major Canadian oil companies had announced expansion plans and Oil prices do have an impact on the U.S. economy, but it goes two ways because of the diversity of industries. High oil prices can drive job creation and investment as it becomes economically To bring home the importance of the oil and gas industry's impact on Canada's economy, a study released last month by the Canadian Energy Research Mining operations in the Athabasca oil sands
13 Sep 2008 an environmental impact assessment, water use request and socio-economic impact study are submitted by the developer to the alberta
8 Mar 2020 Plunging oil prices could have a significant impact on Canada's economy. in Suncor's Millennium mine in the oil sands in Fort McMurray Alta, summarizes the magnitude of some of these economic factors based on available credible evidence. The impact of the oil sands industry to the foregoing 16 Oct 2019 A secondary extraction plant at the Suncor Fort Hills oil-sands are producing oil “with a smaller greenhouse impact than the oil average. Alberta, Canada, is home to the largest known oil sands deposits, underlying about This rate was based on data from oil companies' environmental impact Fuels: Economic and Environmental Trade-Offs. “For both [conventional and 3 Aug 2018 Teck's Frontier Oil Sands Mine Project, which is now before the have had either a mixed impact on economic activity or have resulted in 9 Nov 2017 Research and assessments of the social impacts of Alberta oil sands and youth's experiences, Indigenous labour relations and economic 17 Sep 2018 The grand opening of the $17-billion Fort Hills oilsands facility had all the The oilsands is no longer the force it once was for the Canadian economy. are also worried about the impact on land, water and animal habitats.
13 Jan 2015 Drilling Down - Understanding Oil Prices and Their Economic Impact depending on the project; oil from Canada's oil sands costs closer to
11 Apr 2019 The Syncrude oil sands plant is seen north of Fort McMurray, Alberta. A national carbon tax went into effect April 1, 2019. more in the U.S. lately, thanks to shale fracking, oil is a much bigger part of the Canadian economy. Much of the debate about the impact and benefit of oil sands development in northern Alberta has rested upon its ecological effects. As Alberta's economy has 19 Aug 2015 Woe, Canada: Ramifications of Oil Sands Slump Are Economic and crisis impacts the economy and maybe Stephen Harper's re-election. 8 Mar 2020 Plunging oil prices could have a significant impact on Canada's economy. in Suncor's Millennium mine in the oil sands in Fort McMurray Alta, summarizes the magnitude of some of these economic factors based on available credible evidence. The impact of the oil sands industry to the foregoing
Oil sands are deposits of crude oil that are dense and heavy in particulate. This change in methodology can cause economic consequences ranging from
Elizabeth Brackett of WTTW-Chicago looks at the economic benefits and the environmental costs of oil production in Canada's Alberta province. Oil sands, tar sands, crude bitumen, or more technically bituminous sands, are a type of Because of its economic feasibility and applicability to a vast area of oil sands, this method alone quadrupled North Oil sands extraction can affect the land when the bitumen is initially mined, water resources by its requirement for 24 Feb 2020 Teck pulling out of oilsands project 'another straw on the camel's back' for Alberta economy: think tank federal government's current regulatory process — the Impact Assessment Act and the Canadian Energy Regulator Act, environmental impacts to landscapes and water impacted by oil sands mining and Investigation of the Economic, Environmental and Social Discourses Across 11 Feb 2020 Approve Teck Frontier oilsands mine to avoid 'devastating impacts' on economy and relations, Premier Jason Kenney tells feds. Author of the 11 Apr 2019 The Syncrude oil sands plant is seen north of Fort McMurray, Alberta. A national carbon tax went into effect April 1, 2019. more in the U.S. lately, thanks to shale fracking, oil is a much bigger part of the Canadian economy.
29 Poveda, C.A., Lipsett, M.G., 'The Canadian oil sands: Environmental, economic, social, health, and other impacts',. (Sustainable Development and Planning
9 Nov 2017 Research and assessments of the social impacts of Alberta oil sands and youth's experiences, Indigenous labour relations and economic 17 Sep 2018 The grand opening of the $17-billion Fort Hills oilsands facility had all the The oilsands is no longer the force it once was for the Canadian economy. are also worried about the impact on land, water and animal habitats. Oil sands are deposits of crude oil that are dense and heavy in particulate. This change in methodology can cause economic consequences ranging from 2 May 2013 Economic and environmental effects of the FQD on crude oil production from tar sands. Delft, CE Delft, May 2013. Publication code: 13.4A14.32. 13 Mar 2016 impact the Canadian economy and, in particular, the country's ambitious have the very opposite effect on the oil sands' prospects than either 27 Sep 2017 Over the past five decades, the northern Alberta oil sands deposits have gone source of heavy oil to a core part of North America's energy economy. Nicole Hill, and I wrote that the “detrimental health effects of oil sands Economic Impacts of Staged Development of Oil Sands Projects in Alberta (2010- 2035). The Canadian Energy Research Institute (CERI) has completed a study
Oil prices do have an impact on the U.S. economy, but it goes two ways because of the diversity of industries. High oil prices can drive job creation and investment as it becomes economically While the oil sands industry continues to make technological advances, annual production growth presents challenges to land, water, and air impacts, and energy conservation. Through its CanmetENERGY laboratories, Natural Resources Canada is committed to supporting the development of technological solutions to help drive improved environmental performance in the oil sands. Oil sands (e.g., diluted bitumen) can negatively impact the environment and human health. • Mining oil sands in Alberta, Canada, has led to degradation of forests and parts of the Athabasca River watershed. • Short-term exposure to diluted bitumen can increase the risk of cancer and respiratory and neurological diseases. • [Oil] sands . . . are almost single-handedly taking us in the opposite direction of [the Kyoto Protocol].” Chris Bourdeau, a spokesperson for Alberta Environment, says this is an unfair characterization of the impact of oil sands. Oil sands produced 33 metric megatons (Mt) of greenhouse gas emissions in 2006, he says. At today's oil prices they no longer make any commercial sense. Western Canadian Select, the price benchmark for the bulk of oil sands production, is trading at $30 (U.S.) a barrel. That gives the oil sands the dubious distinction of being the lowest-priced oil in the world with one of the highest cost structures.