on June 21, 2014 in World News
Canada’s Northern Gateway project
Canada’s Northern Gateway project A go or a no? THE tar sands of Alberta already account for 54% of Canada’s daily production of 3.5m barrels of oil. By 2030 that will rise to 75% of total daily output of 6.4m barrels, reckons the Canadian Association of Petroleum Producers. But only if the industry invests billions of dollars in new projects and adds another 13,000 to its 25,000-strong workforce. It will also need new markets. The boom in shale oil south of the border has reduced demand from the United States. TransCanada’s planned Keystone XL pipeline would ship oil to refiners… View Article
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