2011-12-16

Startling the Global Community, Canada Withdraws from the Kyoto Convention

Bruecke Note: This article only has abstracts published here.

http://oilprice.com/Environment/Global-Warming/Startling-the-Global-Community-Canada-Withdraws-from-the-Kyoto-Convention.html

By: John Daly
Date:

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The answer may lie in Canada’s far north, in Alberta’s massive bitumen tar sands deposits, a resource that Ottawa has been desperate to develop. Since 1997 some of the world’s biggest energy producers have spent $120 billion in developing Canada’s oil tar sands, which would be at risk if Ottawa went green in sporting the Kyoto accords.

According to the Canadian Association of Petroleum Producers, more than 170 billion barrels of oil sands
reserves now are considered economically viable for recovery using current technology. Current Canadian daily oil sands production is 1.5 million barrels per day (bpd), but Canadian boosters are optimistic that production can be ramped up to 3.7 million bpd by 2025.

So, what’s the problem?

Extracting oil from tar sands is an environmentally dirty process and the resultant fuel has a larger carbon footprint than petroleum derived from traditional fossil fuels, producing from 8 to 14 percent more CO2 emissions, depending on which scientific study you read.

So, Canada acceding to the Kyoto Treaty terms would effectively kill the burgeoning Canadian tar sands extraction industry. The Canadian tar sands already suffered a massive setback earlier this year when the Obama administration effectively sidelined the Keystone XL pipeline, which was due to transports tar oil production across the U.S. to refineries on the Gulf Coast.

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The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.

1 comment:

Anonymous said...

My question is does that oil tar also have oil eating bacteria in it? If so then no danger if an oil spill.

My other question is, why was the pipeline killed by Obama? If he is working for the energy companies, which he is, they are all over the White House in key positions, then why did he do that?