The project consists of surface oil sands mining, a bitumen extraction plant, and on-site bitumen upgrading that includes coking and hydrotreating operations.
Explore this section Capping oil sands emissions Transitioning to an output-based allocation approach and a legislated limit to oil sands emissions under the Climate Leadership Plan.
Oil sands operations currently emit roughly 70 Megatonnes Mt per year. There is currently no limit on oil sands emissions, either by facility or industry-wide. These will create the conditions for the oil sands sector to innovate and become more globally competitive.
A legislated emissions limit on the oil sands of a maximum of Mt in any year with provisions for cogeneration and new upgrading capacity. But we can grow our economy by applying technology to reduce our carbon output per barrel. The Mt limit provides room for growth and development of our resource as a basis for a strong economy.
A legislated emissions limit is an unprecedented step, taken as part of new climate leadership. Government will begin immediately to seek the advice of the industry, regulators, environmental organizations and Indigenous and Metis communities on the implementation of the Mt limit.How Much Will Tar Sands Oil Add to Global Warming?
To constrain climate change, such unconventional oil use needs to be stopped, according to scientists.
Alberta's oilsands industry is one of the biggest sources in North America of harmful air pollutants called secondary organic aerosols, a new Environment Canada study has found.
Conventional crude oil and oil sands Conventional Oil. Conventional oil is a mixture of mainly pentanes and heavier hydrocarbons recoverable at a well from an underground reservoir and liquid at atmospheric pressure and temperature. The oil sands have been in the ground for millions of years, but for decades, prospectors lost millions of dollars trying to squeeze the oil out of the sand.
It simply cost too much. T. Boone Pickens, a legendary Texas oil tycoon, was working Alberta's traditional oil rigs back in the '60s and remembers how he and his colleagues thought mining for oil sands was a joke. Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets.
Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Nor is the dirty chemical composition of tar sands/oil sands bitumen.
Nor is the cutthroat competition among global oil producers, refiners, shippers, and speculators, in which nickels per barrel of oil delivered are fought over fiercely.