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Posts Tagged ‘athabasca’

Oil Sands Boom Swamps Canadian Wilderness

Posted by mhudema on July 24, 2008

Oil sands boom swamps the Canadian wilderness
Environmentalists want tougher laws to halt the damage, writes Tim Webb
Tim Webb
Sunday July 20 2008
The Observer

Todd Dahlman scoops up a handful of oily sand and smiles. ‘This is the money
– it even smells like money,’ says the manager of Shell’s Muskeg River oil
sands mine in the Athabasca region of North Alberta in Canada.

We are standing in the middle of a pit 50m deep that giant diggers have
hollowed out of the earth. Some 150m beneath our feet lie almost a billion
barrels of oil.

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Iraq’s oil boom isn’t delayed, it’s relocated to Canada

Posted by notarsands on January 13, 2008

As Baghdad burns, destabilising the entire region and sending the price of oil soaring, Calgary booms (from Asian Energy Today)

Naomi Klein
Friday June 1, 2007
The Guardian

The invasion of Iraq has set off what could be the largest oil boom in history. All the signs are there: multinationals free to gobble up national firms at will, ship unlimited profits home, enjoy leisurely “tax holidays”, and pay a laughable 1% in royalties to the government.

This isn’t the boom in Iraq sparked by the proposed new oil law – that will come later. This boom is already in full swing, and it is happening about as far away from the carnage in Baghdad as you can get, in the wilds of northern Alberta. For four years now, Alberta and Iraq have been connected to each other through a kind of invisible seesaw: as Baghdad burns, destabilising the entire region and sending oil prices soaring, Calgary booms.

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For some in Alberta, slower growth is welcome

Posted by notarsands on January 13, 2008

CALGARY — In Alberta, where job creation has hit record levels, there are signs that the province’s white-hot growth may be slowing – and that may be good news for some. One such industry: food services. The industry would welcome some weakening of the job market in “superheated” Alberta, said Neil MacLean, chief financial officer of the Keg Royalties Income Fund, which runs the Keg restaurant chain.

In Alberta, he said, it remains hard to recruit employees, and “we haven’t seen a softening in the labour market.”

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