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Private sector
- Canada’s oil sands are developed by the private sector, with major investments from companies based in Canada, the United States, Europe, and Asia.
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Where are Canada's oil sands located?
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Are oil sands producers on the same path as BP?
The Athabasca region contains all the currently operating mining oil sands projects and most of the in situ projects. This region will also contain most of the new projects and facility expansions in the projection. Athabasca’s share of oil sands production stays steady, from 89% in 2020 to 90% in 2050.
Mar 7, 2024 · Based on the latest available international data (2022), Canada remained among the top four oil producers worldwide. Record high crude oil production largely driven by oil sands: Crude oil year in review 2023 - Statistics Canada
- Economic Growth
- Extraction Methods
- Environmental Impacts
- Oil Pipelines
- Socio-Economic Effects in The Region
- Language and Related Terms
- Outlook and Energy Debates
Alberta’s first commercial oil sands operation started in 1967. The exploration of oil sands significantly increased Canada’s total oil reserves from approximately five billion barrels to an estimated 173 billion, meaning Canada has the third largest oil reserve in the world, with 97 per cent of the oil in the form of oil sands. The sands cover abo...
Oil sands extraction occurs through two major approaches: surface mining and deep drilling called in situ. Surface mining first strips the area of the so-called overburden (i.e., vegetation, soil and earth layers above the bitumen), and creates large open-pit mines from which the bitumen is removed with shovels and trucks to be physically and chemi...
Environmental impacts and concerns from oil sands extraction are multifold and affect the region as well as the planet. They include high carbon and other greenhouse gas emissions; regional air pollution; introducing toxic materials in the soil, water and air; loss of ecological habitat and biodiversity; water pollution; forest destruction; toxicit...
Related controversy arises from oil pipelines, such as the Keystone Pipeline system (Canada-US Gulf Coast) or Northern Gateway Pipeline (Alberta-British Columbia). These debates address concerns over potential immediate environmental impacts along the pipeline (e.g., possible spills, construction and maintenance), as well as the underlying long-ter...
Fort McMurray is the local economic hub of the oil sands operations. The region is associated with high regional employment and revenue, as well as with socio-economic disparities and social impacts. These impacts include high cost of living; transient community; “gold rush” effects; unbalanced demographic structure (i.e., the population is primari...
Bitumendeposits, oil sands and tar sands all refer to the same material. As controversy grew over their commercial extraction, political connotations emerged and “oil sands” became preferred by proponents of oil sands extraction because it emphasizes the final market product, while “tar sands” was used by its critics because it emphasizes the diffi...
The environmental and social impacts of the Canadian oil sands have led to widespread debate and critiques over the scope of their future development. There are ongoing discussions about environmental regulations and ecological monitoring practices, decision-making and approval processes, distribution of economic benefits between Canadian taxpayers...
Jun 9, 2022 · While oil sands producers aren’t on the same path as European supermajors such as BP, which has talked of reducing output and forecasts sharp falls in global fossil fuel demand, their investment ...
- Cleve Jones
Learn more about oil sands production at: Oil sands 101; Investment. Upstream energy investment in Alberta consists of mining, quarrying, conventional oil and gas investment, oil sands investment, and support activities. Capital investment in this sector in Alberta: was equal to about $19.0 billion in 2021; was estimated at about $24.6 billion ...
Canada is a significant producer of heavy oil and much of it is produced in the oil sands. Where are Canada’s oil sands? Canada’s oil sands are primarily in northeastern Alberta (Athabasca), with additional heavy oil deposits in northwestern Alberta (Peace River) and the Cold Lake / Lloydminster region in Alberta and Saskatchewan.
Jan 31, 2022 · Alberta's oil sands are contained within the Western Canadian Sedimentary Basin, which formed from the decomposition of plants and marine life about 200 million years ago, when Western Canada was believed to be mostly under water.
