Imperial braves Canadian price slump with new $2.6 billion oilsands project

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Aspen is the first new oilsands development to be approved since 2013

 

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Imperial proceeds with $2.6-billion oilsands project as new pipeline obstacle arises in MichiganGretchen Whitmer, the Democrat who won Michigan governor’s race, has vowed to shutdown a critical Enbridge pipeline called Line 5
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Imperial Oil to proceed with $2.6-billion Aspen oil sands projectNorthern Alberta project is the first new oil sands development to be greenlighted since 2013
Source: globeandmail - 🏆 5. / 92 Read more »

Imperial Oil going ahead with construction of $2.6B Aspen oilsands projectImperial Oil Ltd. says it will go ahead with its $2.6-billion Aspen oilsands project. Just in time for the NDP to leave government. Perfect Finally. Been waiting for this one for almost 5 years!
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Foreign affairs minister welcomes Saudi teen as a “brave new Canadian”Rahaf Mohammed Alqunun, who fled from her allegedly abusive family, arrived in Toronto and was accompanied by Foreign Affairs Minister Chrystia Freeland There’s absolutely nothing brave about this. We know nothing about why she left her homeland, or why she was being persecuted. But of course JT has to use this moment in her life as a photo op for his government to garner photos. Disgusting. Welcome! Election campaign started early
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Economic cost of Canadian oil price discounts counted in billions of dollarsEstimates on the cost to the economy vary wildly, but the Canadian Association of Petroleum Producers officially estimates the impact as at least $13 billion in the first 10 months of 2018. globebusiness 100,000 per day too be exact because Trudeau is too concerned with hinseats in BC to use his Constitutional power sec. 91-92 to push trans mountain through... blame the PM globebusiness G&M I am glad to see this published. Is anyone reading this and do they realize where that lost income could go to better the lives of Canadians? Perhaps someone should write an article explaining the impact of the revenue on the lives of Canadians. globebusiness If politics would be more collaborative instead of revenge thinking of getting rid of anything previous government enabled then there would not be this mess. Harper wanted to make Canada oil based which is what Trudeau did in buying a pipeline. Acknowledge what is correct. ...
Source: globeandmail - 🏆 5. / 92 Read more »

Oil price discounts could be costing Canadian economy as much as $100 billion a yearCAPP officially estimates the impact as at least $13 billion in the first 10 months of 2018, but CEO says the real costs could be much, much higher acoyne acoyne Something nobody is talking about is Why Oil Compagnies built so much production capacity in the upstream before pipelines were fully approved. Pretty stupid IMOO. More capacity they are building, bigger is the price difference. Pretty stupid Boards. Lack of pipeline capacity has stalled any recovery in Alberta’s deep 4 year recession. Unemployment remains high. Energy corporations see no point in making business investments in Canada now as they can’t get product to market, resulting in $billions of capital outflow to USA. eamorris_ Just waiting for Justin to actually DO Something🙄
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Premier Rachel Notley moves to restrict oilsands production in face of oil price crisisAlberta will cut oil production by 8.7 per cent starting in January in an effort to reduce the punishing price differential plaguing energy producers, says Premier Rachel Notley Now you call oilsands and not tarsands. I have the feeling that the rest of the oil producing world won’t care because our oil is , unrefined , and basically landlocked for the foreseeable future. Sad indeed. Why not just stop producing oil altogether? It’s icky, and the social justice warriors don’t like it, neither do the Liberals, the Rockefeller Foundation, and anti-Oil Sands activists funded by US NGOs. We can just live off snow and sunshine right?
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