. Energy News .




ENERGY TECH
All Canada to benefit from oil sands development: study
by Staff Writers
Ottawa (AFP) Oct 24, 2012


An influential Canadian business association on Wednesday sought to quell domestic objections over the development of Alberta's oil sands by releasing a study showing country-wide economic benefits.

At an estimated 175 billion barrels, the oil sands represent the third largest oil reserve in the world and output is forecast to triple over the coming decade, which would make Canada one of the biggest energy producers in the world.

But many Canadians object to the high pollution and environmental risks associated with exploiting the oil sands, including possible pipeline spills and greenhouse gas emissions linked to global warming.

They largely see Alberta as benefiting from an economic boom while all of Canada is tarnished by international condemnation of the sector.

The Conference Board of Canada said its study indicates that nearly a third of the economic benefits of oil sands investment between 2012 and 2035 will occur in provinces other than Alberta.

And the Can$364 billion (US$366 billion) to be pumped into developing the gooey resource over the next 25 years could provide a healthy boost to a number of sectors that supply the oil sands, to government coffers and to others, it said.

While conventional crude oil is pumped from the ground, oil sands must be mined and bitumen separated from the sand and water, then upgraded and refined.

Opponents say oil sands companies create toxic waste ponds so large they are visible from space and that seep into groundwater. They say oil sands production also releases three to five times more carbon emissions than conventional oil production.

Canada's main opposition party has also suggested that strong foreign demand for Canadian oil is pushing up the currency value, making it harder for Canadian goods exporters to compete internationally.

The Conference Board's report, "Fuel for Thought: The Economic Benefit of Oil Sands Investment for Canada's Regions," was presented at the National Buyer/Seller Forum in Edmonton.

It also says Ontario will see a boost in manufacturing while British Columbia can expect an increase in sales of paper and wood products, for example, to supply the oil sands sector.

Manitoba and Saskatchewan provinces meanwhile will see a spike in demand for metal tanks, steel pipes and tubes, and a cluster of small Atlantic coast provinces will see increased demand for ornamental and architectural metal products, construction machinery, and tires.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...





ENERGY TECH
Oil prices rebound on upbeat Chinese manufacturing data
London (AFP) Oct 24, 2012
Oil prices rebounded slightly on Wednesday, with sentiment boosted by upbeat data from top global energy consumer China, ahead of new economic figures from the United States. Brent North Sea crude for delivery in December rose 49 cents to $108.74 a barrel in early afternoon deals in London. New York's main contract, light sweet crude for December, increased 19 cents to $86.86 a barrel. ... read more


ENERGY TECH
Rapid changes in the Earth's core: The magnetic field and gravity from a satellite perspective

Landsat Science Team to Help Guide Next Landsat Mission

TerraSAR-X images Bonneville salt flats

Earth Observation Commercial Data Market Remains Strong Despite Slowdown in 2011

ENERGY TECH
Surrey Satellite Technology US Secures Contract for Space GPS Receivers

DeLorme Releases XMap 8.0 with Enhanced GIS, GPS Connectivity and Data Collection Tools

NASA's WISE Colors in Unknowns on Jupiter Asteroids

Indra Technology Supports Management And Control Of New Galileo Satellites

ENERGY TECH
Sting forces venue switch in Philippines tree row

Ozone Affects Forest Watersheds

Study: Windblown forests best left alone

Brazil president makes final changes to forestry law

ENERGY TECH
Serbia marks opening of new biogas plant

Beneficial Mold Packaged in Bioplastic

Food vs. fuel: Is there surplus land for bioenergy?

Which Biofuels Hold the Most Promise for the Future

ENERGY TECH
Solar Project To Support Disaster-Affected Families In Ofunato

Stanford researchers use solar power to study elephants in Africa

3M Introduces 3M Solar Encapsulant Film EVA9000

Maximize Energy Production of Distributed PV

ENERGY TECH
China backs suit against Obama over wind farm deal

DNV KEMA awarded framework agreement for German wind project developer SoWiTec

Sandia Labs benchmark helps wind industry measure success

Bigger wind turbines make greener electricity

ENERGY TECH
Coal investment in Queensland unlikely

Australian coal projects mega polluters?

Australian coal basin may be top 10 polluter: Greenpeace

Coal mining jobs slashed in Australia

ENERGY TECH
China hits out at money-making religious sites

China petition urges fair treatment of Bo Xilai

Tibetan burns himself to death in China

Spain raids Chinese mob, arrests 80




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement