A Brief Note On Canadian Oil Company With Oil Sands

is an "independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, and natural gas production"(Canadian Natural Resource Limited: TSE:CNQ quotes and news, n.d.). The company is environmentally conscious, very

These factors result in several issues and challenges. These matters have brought a conflict between the various stakeholders in this industry (Oilsandstruth.org, 2015). This discussion aims to identify the primary issues associated with the Canada oil sands and the involved stakeholders. Secondly, the stakeholders’ political view will be established. Finally, the discussion will recommend policies that can be effective in solving the challenges associated with the issues.

Government has been working closely with industry for years, which is also a key factor in developing the oil sands in a socially responsible way. Most major oil companies are involved with initiatives like Water for Life Strategy, Alberta Water Council and Petroleum Technology Alliance Canada (CAPP, 2012). Alberta’s oil sands are being developed with social responsibility in mind.

This 1.4 trillion-dollar industry has been able to benefit Albertans. To elaborate, Alberta’s upstream energy sector, which mainly includes the oil sands, conventional oil as well as gas and mining has provided 133,053 jobs for Alberta residents, according to Statistics Canada. As well, having the third largest oil reserves in the world, Canada is able to use the oil reserves as a trading asset, as it is currently providing 1.4 million barrels of oil to the USA everyday, which is equivalent to $49.7 million at current stock prices. As well, $52 billion dollars in royalty were accounted for during 2013-14. In this way, the oil sands industry provides jobs, billions of dollars in royalties and boosts national income and prosperity through the trading of this resource. This affects my stakeholder since this would give Ed Stlemech a healthy financial resume/profile to an otherwise terrible environmental and societal resume while he was Alberta’s

There are many different factors contributing to global warming. The Alberta oil sands are only one of them, but they're one of the largest sources of harmful air pollutants in Canada. The oil sands are polluting our air and water, clear cutting the Northern boreal forest and affecting the First Nation tribes living around the sites. Canada should no longer be funding the Alberta oil sands because of the negative impact it has on the environment and people near them.

Diverse and multi-faceted, the Canadian business market is one of the strongest functioning mixed market economies in the world. Within the Canadian economy, the oil and gas sector stands as one of the largest and most influential sectors. The oil and gas industry is unique as it affects almost every person and sector of the economy worldwide, whether it is through commodity or material input costs. In Canada, this growing industry could allow for the country to be the one of the “biggest energy producers in the world” leading to a massive paradigm shift globally.

During 1919 one of the most reliable energy companies was assembled and they are known as Suncor. The location where they were created was Montreal, Quebec. Now their headquarters have been shifted to Calgary where all the decisions are made. They specialize in producing synthetic crude which is abundant in the Alberta Oil Sands. The masterminds behind this company are John Fergusion who is the chairman of the board and Steve Williams the CEO. Like every successful business Suncor has a mission which is to create energy for a better world. Their vision is to be trusted with valuable natural resources so they can produce a better social well-being to raise the economic standards, they also want to create a healthy environment for the present

The production of oil is one of Canada’s greatest assets as it brings in lots of profit but British Columbia is one the most beautiful places in the world and is a prime tourism area. This leads to the question is oil transportation right for British Columbia? Enbridge plans to build two pipelines that will carry oil from “central Alberta to coastal BC” (Alternatives Journal, 2012). Enbridge Incorporated is a company that is a main transporter of natural gas, crude oil and other liquids in Canada, as well as a major operator of pipelines in North America. Their plan is to run two 1170-kilometer pipelines across BC that will eventually be moving about 520,000 barrels of oil per day; this

While the Alberta oil sands are critical to the Canadian economy, environmental policies must be strengthened in order to diminish the immense risk in the transportation of crude oil, the harming of human health, and the deterioration of the surrounding

The statement ‘Canada oil sands are much more of a blessing rather than a curse’ is not true because the disadvantages of oil sands outweigh the advantages. For this reason, this paper aims at indicating points against the statement. To understand the defects of oil sand exploration in Canada, one has to delve into the explanation of what oil sands are as well as how the entire process of mining and refining and thereafter, determine the disadvantages based on socioeconomic factors, environmental factors, as well as the infrastructure and energy required for its production.

Alberta has the second biggest recoverable oil patch in the world after Saudi Arabia, which hides underneath Canada’s boreal forest. Indeed, the Albertan oil patch consists of tar sands, also referred as oil sand, a combination of clay, sand, water and bitumen – a thick and sticky form of crude oil. Tar sands are mined and transported to extraction installations, where the oil-rich bitumen is extracted from the mixture. Alberta holds at least 175 billion barrels of crude bitumen throughout its vast territory, thus the industry disturbs a 149 000 square kilometers area – about the size of England –, where the land was removed due to the mining required to access the oil sands. The bitumen is separated from the mixture by using large amounts of fresh water – about four barrels of water to produce one barrel of oil – and is heated by natural gas, thus requiring larger quantities of energy and water than conventional extraction. Indeed, the industry itself results in the emission of more carbon dioxide in a year than all Canadian cars combined, thus accelerating climate change at an alarming rate. The Albertan industry exploits the water from the Athabasca River, which is fed by the Canadian Rocky Mountains’ glacier, which shrinks at a frightening rate and is further endangered by the carbon emission of the industry. Therefore, the extraction of oil sands in Alberta results in a cycle of consumption that truly endangers the environment. The clay and minerals from the oil

The oil crash in Alberta has caused severe issues not only in the economy of Canada, but also in the livelihood of Albertans. Oil from the Middle East( Saudi Arabia and Iran) had flooded the oil market with large supplies of oil. Due to the principle

Review of Financial Research Report: This assignment is an analysis of a US publicly-traded company; its common stock could be a prospective investment.  The report is due in Week 10, in needs to be at least 5 pages, and it needs to cover the following topics:

Close to a third of the crude oil Canada produced from oil sands in 2014 used this technology Steam assisted gravity drainage (SAGD) [1].SAGD is an in-situ method that is used to extract oil from oil sand reserves. Developed by Roger Butler [2] SAGD is today one of the primary methods used to extract bitumen.

Like other fossil fuels, liquefied natural gas (LNG) is a point of controversy in Canada. For the West Coast in particular, the processing and exporting of LNG is a complicated issue that has amassed both significant support and opposition. Steelhead LNG’s proposed natural gas liquefaction plant for the Bamberton site is one such project that has been affected by a downturn in the LNG market, increased opposition by environmentalists, and legal setbacks. Even with an export permit approved by the National Energy Board and a contract with the Malahat Nation, the possibility of the project moving into the development stage is diminishing. Due to the economic, environmental, and legal issues, the proposed Malahat LNG project is unlikely to