Tag Archives: oil sands

Canada’s Oil Production to Double By 2030 Thanks to Oil Sands -Report

A new report by Canada’s largest association of petroleum companies projects that the country’s oil production will double to 6.7 million barrels per day (bpd) by 2030 as a result of increased production in Northern Alberta’s oil sands region. The outlook, published by the Canadian Association of Petroleum Producers, estimates that production in the oil sands will increase from 1.8 […]

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In Defense of the Petro-State: Canada Should Not Shun Oil Riches

An article that appeared in last week’s New York Times, by Thomas Homer-Dixon, a professor at Canada’s University of Waterloo, claims that Canada is slowly turning into a petro-state, and that the U.S. would be doing the country a favor by putting obstacles in the way of this evolution and rejecting the Keystone XL pipeline. The editorial, titled The Tar […]

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Report Projects Oil Sands to Contribute Trillions to the Canadian Economy

A comprehensive report on the challenges and opportunities of Canada’s oil sands by auditing giant Deloitte projects that the hydrocarbon deposits will contribute an estimated $2.1 trillion to Canada’s GDP over the next 25 years. The economic benefits of the added wealth include up to $783 billion in extra tax revenues over the period, which will provide a significant boost […]

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