. Energy News .




ENERGY TECH
Oil sands to be economic driver for Canada
by Staff Writers
Edmonton, Alberta (UPI) Nov 16, 2012


disclaimer: image is for illustration purposes only

Canada's oil sands will drive the country's economic engine for the next 25 to 30 years, a new report says.

The report, "Gaining Ground in the Sands 2013" by Deloitte Canada said the country's oil sands reserves are crucial to the country's prosperity and the sector needs more pipelines, more collaboration and dialogue that does not fuel "a climate of antagonism."

Canada's oil sands, the second largest reserve of oil after Saudi Arabia, are a mixture of sand, water, clay and bitumen that is extracted mostly via open-pit mining.

Critics say the production of oil from oil sands -- also called tar sands -- creates more greenhouse gas emissions and is more toxic to the environment than conventional crude oil.

"Proponents of development argue in favor of the economic benefits while opponents argue those benefits aren't worth the environmental risk," said the Deloitte report. "From our perspective, growth of oil sands is key to continued growth in Canadian prosperity."

Marc Joiner, a partner at Deloitte in Toronto, told the Edmonton Journal that many people who are against oil sands development are forming their opinions based on second-hand knowledge that isn't accurate.

"We have to find a way to engage the dissidents, because with facts, opinions can be changed or at least moderated," Joiner said.

Furthermore, the public doesn't understand that that environmental impacts are not being ignored by industry, he said.

Noting that oil sands will be the economic engine for Canada for the next 25 to 30 years, Joiner likened the controversy over their development to the dissent in the 1880s over the money to be spent in building the national railway.

While most of Canada's oil sands are located in northern Alberta, the report says benefits to the Canadian economy from planned expansion over the next couple of decades include: $2.1 trillion in economic activity, approximately 905,000 new jobs by 2035 and about $5 billion annually in supplies and services spent outside of Alberta, mostly in Quebec, Ontario and British Columbia.

"Canadians must understand that the oil sands are an indispensable economic asset that should be bringing the country together, not driving it apart," Geoff Hill, who heads Deloitte's national oil and gas practice, said in a statement.

"And more than anything, that's going to take a bit of compromise among the provinces as well as other competing interests to ensure we all reap the rewards."

The United States government's rejection of the Keystone XL pipeline as well as struggles in gaining approvals for the Northern Gateway pipeline underscore the need for Canada's provinces and the oil sands sector to pursue a more integrated approach to energy policy in Canada, the report says.

.


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
Arabs should use oil weapon against Israel: Iraq
Cairo (AFP) Nov 16, 2012
An Iraqi official said on Friday Baghdad will recommend that Arab states use oil as a weapon to exert pressure on Israel and countries that back it, particularly the United States, over the Gaza crisis. "Playing the economic card is our most powerful weapon at the moment in supporting the Palestinian people, for no military power can currently stand up to Israel," Iraq's permanent Arab Leagu ... read more


ENERGY TECH
Surveying Earth's interior with atomic clocks

Storms, Ozone, Vegetation and More: NASA-NOAA Suomi NPP Satellite Returns First Year of Data

NASA's SPoRT Team Tracks Hurricane Sandy

Sizing up biomass from space

ENERGY TECH
Quattro Group Gains Visibility And Control With Ctrack

Saudi Arabia to Launch Two Satellites

Nokia buys 3D mapping firm in location services push

Gazprom to Launch Two Satellites by Yearend

ENERGY TECH
Inspiration from Mother Nature leads to improved wood

Action needed to prevent more devastating tree diseases entering the UK

Texas A and M scientist taking infrared laser look at forests

Forest fertilization can increase production, decrease carbon emissions

ENERGY TECH
14,000 Jobs Possible from Military Biofuels Initiative

Airbus, EADS and ENN make a push for new generation aviation fuels

A Better Route to Xylan

More Bang for the Biofuel Buck

ENERGY TECH
Solar vehicles in Chile race across world's driest desert

Peru solar power program makes headway

Romania to produce more solar than nuclear power in 2016

Survey: California schools going solar

ENERGY TECH
AREVA deploys its industrial plan to produce a 100 percent French wind power technology

Gannets could be affected by offshore energy developments

Scotland approves 85MW Highlands wind farm

China backs suit against Obama over wind farm deal

ENERGY TECH
US shale gas drives up coal exports

Coal investment in Queensland unlikely

Australian coal projects mega polluters?

Australian coal basin may be top 10 polluter: Greenpeace

ENERGY TECH
China's Xi says party faces problems including graft

Tibetan boy, 14, dies in self-immolation: Xinhua

China appoints respected economist to target graft

Penpics of China's new Communist Party leaders




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