US President Donald Trump’s approval of the Keystone XL pipeline connecting the oil sands to Gulf Coast refineries was also welcomed by the industry. “We need to manage the transition off of our dependence on fossil fuels,” he said in January, two months after approving two new pipelines to the United States and to Pacific tidewater.Įnvironmental activists have been unrelenting in their dislike of the oil sands and calls to shut down extraction of heavy crude and bitumen, which is harder, more polluting and more expensive to extract than typical light crude.īut Trudeau instead gave a boost to the sector by approving the refurbishment of two existing Canadian pipelines to increase capacity. Trudeau was criticized by the energy sector this year for suggesting a need to “phase out” oil sands production, which is Canada’s top single source of CO2 and its fasting growing. The additional output will come entirely from the Alberta oil sands. Montreal: Oil companies said Tuesday they planned to ramp up their output in Canada, throwing a wrench in Prime Minister Justin Trudeau’s efforts to slash greenhouse gas emissions.Ĭurrently the world’s sixth largest oil producer, Canada expects to hike production by 32 percent to 5.1 million barrels per day by 2030, according to the Canadian Association of Petroleum Producers.
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