Canadian Natural Resources Ltd, the company that is already using Temporary Foreign Worker labour from behind fences to construct their massive "Horizon" project, is one of the biggest anti-union, pro mining, and generally reactionary, "cost-cutting" corporations already deep at work in the tar pits. These projections are released in order to soften up an audience to their desire to ramp up TFW's, for one-- also this is a set up for further de-regulation and more.
Energy
Energy
Energy and how it is captured and consumed is barely viable in tar sands production. While the amount of oil in places such as the tar sands in Alberta or the Orinoco Belt in Venezuela may have deposits of similar size to the reserves of countries such as Saudi Arabia or Iraq, the return of new energy after expending energy in production is not even close. In Iraq, the process of using one barrel of oil generates 100 new barrels. In the tar sands, estimates of 3 to 1 and even as low as 1.5 to 1 have been made. Offsetting the net energy loss would require minimally 25-30 tar sands facilities for one Saudi plant operating at the same capacity.
Energy and how it is captured and consumed is barely viable in tar sands production. While the amount of oil in places such as the tar sands in Alberta or the Orinoco Belt in Venezuela may have deposits of similar size to the reserves of countries such as Saudi Arabia or Iraq, the return of new energy after expending energy in production is not even close. In Iraq, the process of using one barrel of oil generates 100 new barrels. In the tar sands, estimates of 3 to 1 and even as low as 1.5 to 1 have been made. Offsetting the net energy loss would require minimally 25-30 tar sands facilities for one Saudi plant operating at the same capacity.
Chavez Threatens to Halt Oil Sales to US
Associated Press February 10, 2008
Chavez Threatens to Halt Oil Sales to US
Venezuelan President Threatens to Cut Off Oil Sales to US, Calls Exxon Mobil
'Outlaws'
By Sandra Sierra, Associated Press Writer
Caracas, Venezuela (AP) -- President Hugo Chavez on Sunday threatened to cut
off oil sales to the United States in an "economic war" if Exxon Mobil Corp.
wins court judgments to seize billions of dollars in Venezuelan assets.
Exxon Mobil has gone after the assets of state oil company Petroleos de
Venezuela SA in U.S., British and Dutch courts as it challenges the
Finanical Post: Dirty oil tricks
Dirty oil tricks
Peter Foster, Financial Post Published: Saturday, February 09, 2008
So much for any suggestion that press baron Rupert Murdoch is a right-wing dinosaur, or that his media empire is out of step with the eco-zeitgeist. First he announces that News Corp. will become "carbon neutral" by 2010. Now his flagship British organ, The Times of London, has started crusading against Alberta 's oilsands.
"Chiefs want pipeline royalties"-- Keystone
Chiefs want pipeline royalties
By Paul Turenne
A group of southern Manitoba chiefs is asking the federal court to overturn Ottawa’s decision to allow a massive pipeline project to be built in the province because the chiefs say the government did not fulfill its duty to consult them about it.
TransCanada’s Keystone pipeline project, approved by the National Energy Board and the federal cabinet last fall, would pump more than half a million barrels of oil per day from Alberta to Illinois and Oklahoma.
Enbridge Gateway Pipeline Across North BC Gets a "Boost"
Enbridge makes pipeline progress
(News) Saturday, 09 February 2008, 01:00 PST
GORDON HOEKSTRA Citizen staff
Enbridge says it has secured third-party funding to advance the regulatory process of its proposed $4-billion pipeline project through northern B.C., which would open up the possibility of shipping Alberta oilsands oil to markets in Asia.
The company included the third-party funding information as part of an update on projects under development released in year-end financial results, a $636 million profit for 2007.
N.D. Oil Pipeline Should Be Rerouted (Keystone)
N.D. Oil Pipeline Should Be Rerouted
By DALE WETZEL 02.08.08, 1:55 PM ET
BISMARCK, N.D. -
Opponents of a proposed oil pipeline want North Dakota regulators to reroute it away from an aquifer, lake and forested river valley, saying the pipeline developer's efforts to safeguard against leaks are inadequate.
TransCanada Corp. (nyse: TRP - news - people ), which is developing the Keystone pipeline, has said it will install heavier pipe near the Fordville aquifer, which is six miles southwest of Park River in southern Walsh County, and close to Lake Ashtabula north of Valley City.
Biofuels Deemed a Greenhouse Threat
February 8, 2008
Biofuels Deemed a Greenhouse Threat
By ELISABETH ROSENTHAL
Almost all biofuels used today cause more greenhouse gas emissions
than conventional fuels if the full emissions costs of producing these
"green" fuels are taken into account, two studies being published
Thursday have concluded.
The benefits of biofuels have come under increasing attack in recent
months, as scientists took a closer look at the global environmental
cost of their production. These latest studies, published in the
prestigious journal Science, are likely to add to the controversy.
How the North Central Corridor and the Mackenzie Gas Project will Team to make Billions for TransCanada
Feb. 1, 2008
TransCanada acquisitions boost profit
$250 milion Bruce power overruns the lone dark spot in picture
CALGARY
TransCanada Corp. has seen its recent profits surge as the Calgary-based pipeline and power utility made several acquisitions and juggled a number of expensive mega-projects.
Profit for the fourth quarter was $377 million, up from $269 million. Revenue rose to $2.19 billion from $2.09 billion.
It's Not Nice to Let Eastern Canadians Freeze in the Dark
Strategic Petroleum Reserves
It's Not Nice to Let Eastern Canadians Freeze in the Dark
GORDON LAXER
The Globe and Mail
February 7, 2008 - Page A19
When Cape Bretoners were hit with a furnace-oil shortage in December as the
result of an early winter and late-arriving fuel tanker, it concentrated the
mind: With icy winter now gripping Canada, isn't it time to counter the
threat of longer and more widespread oil shortages in the near future?
Canada is usually an avid joiner of international conventions. But we're the
How to Avoid Action on Climate Change
How to Avoid Action on Climate Change
The following is the text of Ian Angus’s keynote speech at “Smells Like Green Spirit,” a conference sponsored by the University of British Columbia Student Environment Centre, on January 19, 2008.
by Ian Angus, editor Climate and Capitalism
www.climateandcapitalism.com
Canadians are known for being modest and self-effacing. We don’t brag much, and sometimes we seem to have an inferiority complex, a belief that we do okay, but we seldom excel.
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