Three new oil sands projects approved in Alberta

17 Sep 2016   Canada, Tar Sands

Three new oil developments in the Fort McMurray area could add up to 95,000 barrels of oil per day to current output, Alberta’s government said. The provincial government approved three oil sands developments , two of which involved the use of steam stimulation. Collectively, the government said the projects represent about $3 billion in investments into Alberta’s economy. They each fall under a new scheme aimed at limiting the amount of greenhouse gas emissions associated with oil sands developments. “The emissions limit is the first of its kind set by an energy-producing jurisdiction,” Environment Minister Shannon Phillips said in a statement. “It positions Alberta as an environmental leader while allowing room for development.” Alberta’s economy is recovering after around 1 […]

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