Canada may become more reliant on fracked oil. The Energy East Pipeline will encourage Alberta’s oil producers to increase production. The development of this oil produces a lot of carbon emissions. Between 62 and 164 kilograms of CO2 is released per barrel produced. In situ development produces even more carbon than mining; between 99 and 176 kilograms of CO2 per barrel is released. These levels are estimated to be 3.2 to 4.5 times more than the production of conventional crude oil.…
Suncor is Canada’s premier integrated energy company, which is the fifth largest in North America, and has a presence globally as one of the largest independent energy firms. Its products include oil sands, which they extract bitumen from and transform it into refinery feedstock and most importantly diesel fuel. Suncor also produces natural gas, which they use as hedging against internal consumption. In addition, they are currently investing in a number of international and offshore projects; like the Libya Exploration and Production Sharing Agreements, which is supposed to double daily production, the Syria Ebla Gas Development, which would produce 80 million cubic feet per day of natural gas, and the White Rose Extensions, North Amethyst and West White Rose Satellite Extensions, which are expected to add reserves of approximately 50 million barrels.…
1. Describe Canada’s economic system? Be sure to include a definition of Crown Corporations in your answer. (pages 206 and 207)…
Parks, Noreen. (2009) “The Price of Tar-Sands Oil” Frontiers in Ecology and the Environment, Vol. 7, No. 5 , Page 232…
Did you know Canada's energy mostly comes from Alberta's oil sands? It has been estimated that between 1.7 trillion and 2.5 trillion barrels of oil come from Alberta. The province's oil resource plays an important role for the world's oil supply. It has enough oil to keep Canada supplied for the next 400 years!…
In general, the level of investment and growth in the oil sands has hurt the province’s conventional oil and gas industry. Rising real estate costs and general inflation have hurt sectors such as agriculture and manufacturing particularly hard. Consequently, today there is a growing income split between those Albertans who are employed in the oil sands…
a) Canada is the main supplier of our oil(25%), 12% comes from Saudi Arabia, 11% from Nigeria, 10% from Venezuela and 9% from Mexico.…
Newfoundland and Labrador is the eastern most province of Canada. The majority of the province 's population can be found on the island of Newfoundland, as most of the province 's source of economy. As the island is located next to the Atlantic ocean, fisheries and fish products have been of the main exports for the province, yet within the last 30-40 years or so, oil has increasingly become an export that contributes to a growing provincial economy.…
They did this to increase federal share of the profits. The tax that was placed on these oil exports triggered an outcry, not only in Alberta but in the U.S, where American based energy companies accused the Trudeau government of nationalization and filling investment in the industry. Foreign companies began selling off energy assets in Canada, which eliminated many jobs, particularly in Alberta. Thousands of Albertans were unable to pay mortgages and the real estate market crashed due to this. Most of the jobs in Alberta had to do with oil, since they are so rich in oil. When people lost their jobs it didn’t allow them to have enough money to pay mortgages or buy new houses. It affected the economy of Canada, not significantly but by a little bit due to people losing their jobs. The Trudeau government also introduced a tax to fund Ottawa's energy company Petro-Canada, and gave grants to Canadian owned companies to encourage exploration.…
The separation of various components of crude oil in refineries is accomplished primarily by taking advantage of differences in which of the following?…
The oil sands in Canada (also referred to as tar sands) have been subject to some of the most controversial energy production strategies and economy boosting techniques that have been seen in the past decade. There continues to be much debate over whether the economic benefits outweigh the environmental concerns, or vice versa. Throughout this research paper, the environmental impacts of the Canadian Oil sands will be analyzed, followed by the accompanying economic impacts. Next, the future sustainability of this industry and technology will be discussed, concluded by a recommendation as to whether this form of energy would be viable as a part of a sustainable future.…
In regards to converting to green energy, this is both beneficial to Canada and it is a more effective manner of dealing with ISIS. By cutting off this dependency on oil, it dampers ISIS’ source of income and it would cut their funding. Without funding, the organization would become severely handicapped and furthermore, it would benefit Canada’s own economy. There are the obvious benefits to the Earth and environment by switching over to green energy, but it would also create a magnitude of new jobs. The Union of Concerned Scientists predicts that there would be an estimate of over 200,000 new jobs by 2025 in just the United States alone by converting over to green energy . There would be more opportunities for Canadians, it would increase…
As a result of the fracking industry coming back in 1973 made a few major adjustments from the heating, and electricity source coal. burning natural gas for energy, results in fewer of all types of air pollutants such as carbon dioxides that are produced from coal. Natural gas carries less risk of carbon dioxide and other pollutants it is healthier for our bodies and is easier to transport. Dirty coal plants are closing or adding expensive equipment to mitigate decades of pollution. For example coal is more expensive for everything adding more and more expenses it is causing a lot of pollutants and has caused more deaths. drilling technology made oil and natural gas that had cleaner fuels than coal and easier to transport. drilling for natural…
There is believed to be between 5.7 and 16 billion barrels of recoverable crude oil in Alaska. The only thing holding us back from drilling there because it would damage a protected national wildlife refuge in the act killing many animals. The controversy of whether to drill there or not has been going on since around 1977. The last two presidents we had were on different sides of how they felt about the drilling. There are many positives to drilling in Alaska but for every positive there is also a negative. For whether a person is for or against drilling is strongly based on how strongly they feel the importance of every effect of the drilling.…
Some corporations from the United States started building factories such as branch plants in Canada in order to sell products in the Canadian market. The branch plants built in Canada were strictly under American rule. Canadian tariffs on imported products led U.S. companies to build factories in Canada, in effect bypassing the tariffs. Economists were afraid that this phenomenon might lead to Canada's manufacturing become too reliant on outside sources and lead to less research and development of Canada. In early 1970s, the liberal government implemented policies aimed at regulating foreign investment. These developments led to measures such as the creation of Petro-Canada, a government-owned oil and gas company, implemented by the Trudeau government in the mid-1970s to increase Canadian control over the oil industry. (Bellan,…