Oilsands coming of age: report

CALGARY — A report released by a U.S. energy consulting group suggests the Canadian government will have a tough time trying to balance environmental responsibility with the energy security increased oilsands production can provide.

CALGARY — A report released by a U.S. energy consulting group suggests the Canadian government will have a tough time trying to balance environmental responsibility with the energy security increased oilsands production can provide.

Provincial and federal politicians say they’re aware of the concerns, but will keep trying to persuade the world that Alberta is doing all it can to make the oilsands environmentally friendly.

“One can only achieve environmental progress if you have economic progress. Frankly, I think as a country we’ve done a pretty exceptional job in striking that balance,” said Environment Minister Jim Prentice while attending an event in Calgary Tuesday. “There’s always room for improvement and we’ll continue to do that.”

The IHS Cambridge Energy Research Associates report says technological advances in the oilsands have made Canada the world’s second largest holder of recoverable oil reserves after Saudi Arabia.

The report said the oilsands have moved to the “centre of energy supply.” It produces 1.3 million barrels of oil daily.

As a result, the report said Canada has become the biggest foreign oil supplier to the U.S., 19 per cent of imports in 2008.

The study acknowledges total greenhouse gas emissions from oilsands — from extraction and processing through combustion of its refined products — can be approximately 5 to 15 percent higher than conventional crude oil processed in the United States.

But the report said sometimes emissions from the industry are on par with conventional oil processing.

“We aspire to be on the cutting edge in terms of being environmentally responsible as producers of energy and we’ll continue to do that,” said Prentice. “In particular here in Alberta with some of the technological innovations that are coming — carbon capture and others — Canada will continue to lead the way.”

The report comes as Greenpeace failed to force Norwegian energy-giant StatoilHydro out of Alberta’s oilsands.

The environmental group brought a motion before Statoil’s annual general meeting Tuesday in Norway for the corporation to withdraw.

Statoil bought into Alberta’s oilsands in 2007 and has said it plans to develop an area that contains an estimated 2.2 billion barrels of tar-like bitumen.

Just Posted

UPDATED: Officials tour Hwy 2/Gaetz Avenue interchange

Deputy Premier Sarah Hoffman and local MLAs visit construction site

Bike thefts becoming ‘significant problem’ in Red Deer

Residents are sounding the alarm on the growing problem of bike theft… Continue reading

Red Deer approves 10 cannabis retail stores

Locations approved around the city

One trillion litres of sewage leaked into lakes and rivers over last five years

OTTAWA — Last Wednesday, a team of people from the Lake Ontario… Continue reading

Woman bitten at Red Deer dog park

Dog owners reminded to control their pets

WATCH: A horse was neglected by its owner. Now the horse is suing

ESTACADA, Ore. - Justice is an 8-year-old American quarter horse who used… Continue reading

Red Sox old-timer’s memorabilia going up for sale

BIDDEFORD, Maine — Some items belonging to one of the Boston Red… Continue reading

Rival Korea leaders to meet in Pyongyang in September

SEOUL, Korea, Republic Of — The rival Koreas announced Monday that North… Continue reading

Charlottesville anniversary: Peaceful protests, few arrests

WASHINGTON — Thousands of people wanting to send a message that racism… Continue reading

‘I believe music heals people’: 12-year-old records tribute for shooting victims

YARMOUTH, N.S. — Twelve-year-old Josh Cochrane of Yarmouth, N.S., watched the news… Continue reading

Fallen officers’ families gather with Justin Trudeau after tragedy

The prime minister laid flowers at the growing memorial to the four victims of Friday’s violence

Fallen officers’ families gather with prime minister after tragedy

FREDERICTON — Prime Minister Justin Trudeau met with families of fallen Fredericton… Continue reading

Liberals showcase benefits of billions spent on infrastructure projects

OTTAWA — Little more than a year before the next federal election,… Continue reading

Fredericton parade ‘a way to celebrate even in the midst of this grief’: mayor

FREDERICTON — Two days after four people were gunned down in a… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month