Posted by mhudema on July 31, 2008
A report on extracting oil from oil sands and oil shale says the methods are environmentally and economically unsustainable and will undermine efforts to combat global warming because of the increased levels of atmospheric CO2 that is produced during production.
According to the World Wildlife Fund and Manchester-based Co-operative Financial Services, oil companies are increasingly looking to exploit new oil sources, previously deemed uncommercial, to meet world demand.
However, the extraction of oil from oil sands and oil shale creates up to eight times as many emissions as conventional oil production does. It also involves three times as much water to produce a barrel of oil and involves forest clearance.
Posted in Uncategorized | Tagged: alberta government, co-operative financial, dirty oil, Exxon, imperial, oil sands, oilsands, shell, stelmach, sustainability, tar sands, unconventional oil | Leave a Comment »
Posted by mhudema on July 12, 2008
Video: John Vidal asks the oil firms tough questions on their plans for exploiting Canada’s tar sands
What happens when the world’s biggest oil companies target a northern wilderness? John Vidal heads to Canada to ask some tough questions of the oil industry and its intentions in northern Alberta
Posted in Uncategorized | Tagged: bp, british petroleum, canada, Exxon, industry, oil companies, oil sands, oilsands, shell, tar sands | Leave a Comment »
Posted by mhudema on July 8, 2008
“Anyone who thinks the invasion of Iraq accomplished nothing probably isn’t sitting inside the boardrooms of some of the most powerful companies on Earth.”
Toronto Star July 5, 2008 // Linda McQuaig
Big Oil poised to make triumphant return to Iraq
Small service contracts announced last week are a step toward major development deals
When Big Oil excutives and U.S. Vice-President Dick Cheney met for secret energy talks in the spring of 2001, one subject that weighed on all their minds was the potential loss of Iraq’s bountiful oil reserves. After more than a decade of hostile U.S.-Iraqi relations, Iraqi dictator Saddam Hussein had negotiated deals with oil companies from a range of countries, including Russia, China and India, to develop Iraq’s largely undeveloped reserves. That meant U.S. oil companies were to be denied a stake in developing one of the last oil bonanzas left on Earth. It also meant that the U.S. risked being denied access to this vast new source of petroleum the commodity it considers essential to its continued status as an economic and military superpower. So it wasn’t surprising that Cheney’s energy task force set up with urgency within weeks of the Bush administration taking office took great interest in a document called “Foreign Suitors for Iraqi Oilfield Contracts.” The document (eventually made public after a lengthy court battle with the Bush administration) included a detailed breakdown of Iraq’s 97 oil fields, listing in each case the foreign company that was negotiating a development contract with Saddam, and the status of those negotiations. But, according to the narrative presented by the White House and rarely challenged by the media, none of this mattered to Washington’s strategic planners: the fact that Iraq’s vast oil reserves were about to slip into the hands of America’s rivals and Big Oil’s competitors allegedly played no role in the administration’s decision to overthrow Saddam two years later.
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Posted in Uncategorized | Tagged: alberta, big oil, Exxon, iraq, linda mccuaig, oil sands, oilsands, saddam, shell, stelmach, tar sands | Leave a Comment »
Posted by mhudema on May 15, 2008
Imperial suffers Kearl defeat
From Thursday’s Globe and Mail
May 14, 2008 at 9:36 PM EDT
CALGARY — Multibillion-dollar oil sands projects will face new legal and regulatory hurdles after the Federal Court ruled against Imperial Oil Ltd. in its battle to keep the $8-billion Kearl oil sands mine on schedule.
Imperial went to court to win back a key permit for site preparation that was voided after a Federal Court found Kearl’s regulatory approval to be incomplete on the issue of greenhouse gases.
The loss will set back Kearl by at least several months, if not a year or more.
For the energy industry, the Federal Court decision means regulatory reviews are likely to become ever-more detailed and arduous, while legal challenges will become more common.
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Posted in Uncategorized | Tagged: alberta, climate change, Exxon, global warming, harper, Imperial oil, kearl, oil sands, stelmach, tar sands | Leave a Comment »
Posted by notarsands on January 15, 2008
By JOHN FLOWERS
January 14, 2008 2:19 p.m.
The battle between oil exploration and its inevitable environmental impact is coming to loggerheads in the Great White North, as proceedings in a federal court in Alberta begin tomorrow to determine whether a new oil sands field met critical environment requirements.
The judicial review, currently scheduled to last four days, is over the Kearl Tar Sands project, part of one of the second largest proven oil reserves in the world. It’s located in the Alberta region, about 70 km north of Fort McMurray, and is ultimately expected to produce 300,000 barrels of bitumen, the heavy oil recovered from oil-sands deposits, a day.
Exxon Mobil Corp.-owned Imperial Oil, Canada’s largest petroleum company, is facing allegations that it has not sufficiently game-played the degree and the length of time to which the project could adversely impact the surrounding environment and that a government panel last year was wrong when it said the company had.
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Posted in Uncategorized | Tagged: alberta, boreal forest, court case, Exxon, global warming, Imperial oil, Kearl Sands, oil sands, stelmach, tar sands | Leave a Comment »