Economy 53,047 Posted July 26, 2019 Share Posted July 26, 2019 https://www.bnnbloomberg.ca/teck-oil-sands-mine-in-public-interest-despite-significant-adverse-effects-panel-1.1292903 A Canadian Oil Company wants to develop a $20.6 Billion Open pit mining project in Alberta The Oil production would start in 2026 and last over 4 decades till almost 2070 This particular project would destroy a lot of forest, wetlands and possibly disturb some Aboriginal communities Canada the last several years has favoured In-Situ Oil Sands projects which cause a lot less environmental harm than open pit mining projects. However extreme opposition against the oil sands and pipeline blockades has made the economics so challanging and investment drop so much that the Government is considering approving this project as it wants to take anything it can get Link to post Share on other sites More sharing options...
Ryusei 61,502 Posted July 26, 2019 Share Posted July 26, 2019 Ugh oil is so outdated, they should invest in more eco-friendly things that arent as harmful instead of digging the hole deeper so to speak Musery Link to post Share on other sites More sharing options...
Economy 53,047 Posted July 26, 2019 Author Share Posted July 26, 2019 Just now, Ryusei said: Ugh oil is so outdated, they should invest in more eco-friendly things that arent as harmful instead of digging the hole deeper so to speak I know some of these companies are. They been looking into expanding Into the green space Anyway oil isn't outdated and Canadian oil from the oil sands will probably be needed for the next century or more Canada produces heavy oil. It's not the most ideal for gasoline or diesel or those kind of fuels as it's a lot of refining needed for that. But it's perfect for plastics, asphalt, shingles, oil based paints, oil based fertilizers, pesticides and countless other petro-chemicals that it's use won't go away once we switch to electric cars and produce all our electricity with green power By fighting pipelines so hard a lot of the environmental progress that was being made on the oil sands in part due to government intervention has stalled because the oil discounts on the Canadian benchmark is starving the companies out of needed capital This is a bad project I don't want approved... But maybe if the industry wasn't forced into such a bad place the government would have better choices of projects to approve tbh @Woolfsmck extreme fighting leads to backfiring don't u agree? Link to post Share on other sites More sharing options...
Andreu 37,216 Posted July 26, 2019 Share Posted July 26, 2019 Forests are more important Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted July 26, 2019 Share Posted July 26, 2019 27 minutes ago, Economy said: @Woolfsmck extreme fighting leads to backfiring don't u agree? You mean environmental protests and staged events? It's a lot like getting too much exposure. The very people you want will get sick of hearing about it all the time like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 53,047 Posted July 26, 2019 Author Share Posted July 26, 2019 7 minutes ago, Woolfsmck said: You mean environmental protests and staged events? It's a lot like getting too much exposure. The very people you want will get sick of hearing about it all the time I'll give u a few examples of what I mean - a certain percentage of profits by law has to go towards development of greener technology to extract the oil. The stalled pipelines creating oil discounts on prices means profits are low and some companies are running losses so green development is nearly dead ATM - it means more oil by railway which is not only less safe to carry it that way, but also congests other goods that need rail space to be carried - When investment is high the government doesn't approve every project and can select the best ones including the least ecologically damaging. If investment hadn't dropped, this terrible project probably wouldn't even be getting considered right now That's what I mean by backfiring Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted July 26, 2019 Share Posted July 26, 2019 2 hours ago, Economy said: I'll give u a few examples of what I mean - a certain percentage of profits by law has to go towards development of greener technology to extract the oil. The stalled pipelines creating oil discounts on prices means profits are low and some companies are running losses so green development is nearly dead ATM - it means more oil by railway which is not only less safe to carry it that way, but also congests other goods that need rail space to be carried - When investment is high the government doesn't approve every project and can select the best ones including the least ecologically damaging. If investment hadn't dropped, this terrible project probably wouldn't even be getting considered right now That's what I mean by backfiring Beaurocracy.... Far left regulation and restriction is in effect doing the opposite of the intended goal. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
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