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“The buzz about Hong Kong's market for initial public offerings is luring Sunshine Oilsands Ltd., an early-stage Canadian oil-sands company that could lose some of its land to a preserve for caribou.”
“Last year, state-owned Corp. bought a 9% stake in Syncrude, Canada's largest oil-sands project, for US$4.65 billion.”
“Environmental groups have said production of the oil-sands crude greatly increases greenhouse-gas emissions.”
“If the US government goes ahead and makes it easier to develop that oil-sands project, then there is no credible way to insist that they're working hard on climate change, McKibben told the crowd.”
“A few months later, CIC invested $416 million in Calgary, Alberta, oil-sands company Penn West Energy Trust and $200 million in Oklahoma City's Chesapeake Energy Corp.”
“Cnooc Ltd. last month agreed to spend $2.1 billion for bankrupt Canadian oil-sands developer OPTI Canada Inc. In June, PetroChina Co. and Canada's Encana Corp. called off a $5.5 billion partnership to develop a large tract of natural gas when they couldn't agree on terms.”
“MEADOWBANK GOLD MINE, Nunavut—Canadian officials are stepping up lobbying on behalf of a controversial pipeline extension that could boost export capacity from Alberta's oil-sands region to the U.S., amid a looming State Department decision over the project.”
“Do Environmental Protection Agency environmentalists imagine their endless U.S. obstruction can stop Canada's exploitation of its own enormous oil-sands resources?”
“Environmentalists and some politicians on both sides of the border have criticized the oil-sands industry on a number of fronts, including the use of extraction techniques more akin to strip mining than conventional drilling and the industry's relatively high carbon footprint.”
“The death of more than 1,600 ducks in 2008 in an oil-sands mining waste pond increased attention on the industry.”
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