. Energy News .

Canada approves major oil sands expansion
by Staff Writers
Ottawa (AFP) Dec 8, 2011

Canada on Thursday approved a new oil sands mining project in Alberta province proposed by Total and Suncor, the natural resources minister announced.

The Joslyn North mine project signifies "a major new investment" in the oil sands," Natural Resources Minister Joe Oliver said in a statement.

The project will cost as much as CAN$9 billion, and generate more than CAN$10 billion in royalties for Ottawa and the Alberta government over the next 40 years, he said.

France's Total partnered last year with Canadian firm Suncor to develop the 221 square kilometer site northwest of Fort McMurray.

It is expected produce 874 million barrels of oil (100,000-200,000 barrels per day), starting from 2017, one year after Suncor and Total begin mining at nearby Fort Hills.

Minister Oliver said oil sands jobs are expected to climb from 390,000 to 480,000 within 25 years, thanks to new projects soon to be underway, and "could grow even more once supporting distribution networks and pipelines are built."

Two new pipelines connecting the oil sands to the US Gulf Coast and to Canada's Pacific Coast for eventual shipping to Asia are currently under review. Both face opposition by environmental activists.

The Joslyn North project was proposed six years ago.

Related Links
Powering The World in the 21st Century at Energy-Daily.com

Get Our Free Newsletters Via Email
Buy Advertising Editorial Enquiries


. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Oil industry says crude far from depleted
Doha (AFP) Dec 8, 2011
The world will one day run out of oil, but that is of little concern to delegates at the World Petroleum Congress in Doha whose eyes are fixed on more crude discoveries and advances to prolong supplies. "To tell someone that he's going to die is not a prediction, it's a tautology. What he wants to know is when and how," Nasser al-Jaidah, chief executive of Qatar Petroleum International, said ... read more

U.S. electric grid at risk?

Carbon dioxide emissions rebound quickly after global financial crisis

Global Carbon Project annual emissions summary

Stanford scientists subject rocks to hellish conditions to combat global warming

Obama might back off pipeline veto threat: lawmaker

Bulgaria exits Trans-Balkan pipeline

Canada approves major oil sands expansion

One dead as Chinese boat capsizes near Philippines

Mortenson Construction Completes Elk Wind Project

Wind farm fuels Ethiopia's green power ambitions

Brazil's wind power growth draws investors

Enel: More new wind capacity in Iberia

Enecsys and SMTC Partner to Build Next-Gen Solar Energy Conversion Technology

City of Dinuba Goes Solar

PowerStream Solar Awards Carmanah Solar PV Contract

New Suntracker And PV Rack - Designed For Rigid Climates

France to strengthen nuclear security after break-ins: EDF

How sustainable is nuclear power for the UK

China, Bill Gates in nuclear reactor talks

Ex-chief of Japan nuclear plant has cancer: operator

US Navy in big biofuel purchase

E. Coli Bacteria Engineered to Eat Switchgrass and Make Transportation Fuels

OSU study questions cost-effectiveness of biofuels and their ability to cut fossil fuel use

Mast from classic racing yacht holds one of the keys to sustainable biofuels

First Crew for Tiangong

China post office offers letters from space

15 patents granted for Chinese space docking technology

China plans major effort in pursuing manned space technology

India flexible on climate talks?

South Africa, Brazil join climate alliance: EU climate chief

Is climate change altering humans' vacation plans

Waiting on climate is 'escapism': top UN scientist


The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement