Attachment 3

Total Page:16

File Type:pdf, Size:1020Kb

Attachment 3 Attachment 3 Current Approvals Alberta Energy Regulator Approval 8573 (Mildred Lake) Approval 10781 (Aurora) COMMERCIAL SCHEME Approval No. 8573M MADE at the City of Fort McMurray, in the Province of Alberta, on the 7th day of June 2013. ENERGY RESOURCES CONSERVATION BOARD IN THE MATTER of a scheme of Syncrude Canada Ltd., comprised of Canadian Oil Sands Partnership #1; Sinopec Oil Sands Partnership; Imperial Oil Resources; Mocal Energy Limited; Murphy Oil Company Ltd.; Nexen Oil Sands Partnership; and Suncor Energy Ventures Partnership, for the recovery of oil sands or production of oil sands products from the Athabasca Wabiskaw-McMurray Oil Sands Deposit in the Mildred Lake Area. WHEREAS Syncrude Canada Ltd. has applied to the Energy Resources Conservation Board (ERCB) to amend Approval No. 8573; and The Energy Resources Conservation Board (hereinafter called “the Board”), pursuant to the Oil Sands Conservation Act, chapter O-7 of the Revised Statutes of Alberta, 2000, orders as follows: 1) Board Approval No. 8573 is amended. 2) (1) The scheme of Syncrude Canada Ltd., comprised of Canadian Oil Sands Partnership #1; Sinopec Oil Sands Partnership; Imperial Oil Resources; Mocal Energy Limited; Murphy Oil Company Ltd.; Nexen Oil Sands Partnership; and Suncor Energy Ventures Partnership (hereinafter called “Syncrude”) for the recovery of oil sands and production of oil sands products, from the area shown on the attached hereto marked Appendix A to this approval, is approved, subject to the Oil Sands Conservation Regulation and the terms of the conditions herein contained, as such scheme is described in related applications including a) Application No. 957, p) Application No. 920863, b) Application No. 6888, q) Application No. 921321, c) Application No. 6889, r) Application No. 921322, d) Application No. 9160, s) Application No. 931494, e) Application No. 9775, t) Application No. 940001, f) Application No. 790543, u) Application No. 940146, g) Application No. 820394, v) Application No. 941167, h) Application No. 821217, w) Application No. 950107, i) Application No. 840142, x) Application No. 960196, j) Application No. 840232, y) Application No. 980381 k) Application No. 841228, z) Application No. 1244645 l) Application No. 841319, aa) Application No. 1284738, m) Application No. 851024, bb) Application No. 1296639, n) Application No. 870593, cc) Application No. 1317860, o) Application No. 920398, dd) Application No. 1309396, Approval No. 8573M Page 1 of 5 ee) Application No. 1453988, jj) Application No. 1662881, ff) Application No. 1497852, kk) Application No. 1732572, gg) Application No. 1507992, ll) Application No. 1754933. hh) Application No. 1595820, ii) Application No. 1625971, is approved, subject to the terms and conditions herein contained. (2) Subclause (1) does not preclude alterations in design or equipment provided the Board is satisfied the alterations are compatible with the outline of the scheme, meet the operating criteria in the approval, are made for the better operation of the scheme, and do not result in unacceptable adverse impacts. 3) This approval applies to the production in each calendar year of 27.5 million cubic metres of marketable hydrocarbons. 4) (a) Syncrude shall design and construct any new facilities so as not to make more difficult the possible future installation of facilities for the removal of contaminants from stack gases. (b) Once the Syncrude Emissions Reduction Project, as described in Application No. 1309396, is commissioned, clause 4(a) will be of no force or effect. 5) Approval for those facilities described in Application No. 980381 for which construction has not commenced on or before 31 December 2010 shall lapse unless a later date is approved by the Board. 6) Syncrude shall carry out its operations in a manner that, under normal operating conditions, on an annual basis, meet the following operating criteria: (a) Naphtha losses of not greater than 4.3 volumes of naphtha lost per 1000 volumes of bitumen produced to a maximum annual average of 300 cubic metres (1 900 barrels) per calendar day. (b) Following the installation of the new coker as described in Application No. 980381, the recovery of the sulphur contained in the acid gas produced during each three month period beginning 1 January, 1 April, 1 July, and 1 October will not be less than 99.5 per cent. 7) Syncrude shall remove all materials from the discard site marked as "NT1" on Appendix A and shall proceed to recover the crude bitumen within this area prior to 31 December 2025, or such other date as the Board may require. 8) Syncrude shall file with the Board on or before 28 February of every year, or such other date or frequency as the Board may stipulate, a report summarizing for the preceding year, efforts to minimize the withdrawal of fresh water from the Athabasca River, efforts to maximize Approval No. 8573M Page 2 of 5 reuse of process affected water, and efforts to minimize the on site storage of process affected water. 9) Following installation of the new coker as described in Application No. 980381, Syncrude shall file with the Board on or before 28 February of every year, or such other date or frequency as the Board may stipulate, a report summarizing for the preceding year, efforts to achieve an annual recovery of the sulphur contained in the acid gas produced of not less than 99.8 per cent. 10) Syncrude shall file with the Board on or before 28 February 2002 and every second year thereafter, or such other date or frequency as the Board may stipulate, a report summarizing: (a) Efforts to reduce naphtha losses to the target of 3.6 volumes of naphtha lost per 1000 volumes of bitumen produced. (b) The performance of the Mildred Lake facility, which shall include as a minimum: i) a discussion of the energy efficiency for the previous two calendar years, ii) the results of any studies undertaken to identify opportunities for improved energy efficiency, iii) a description of any modifications made to improve energy efficiency, and iv) a comparison of the energy efficiency with those of similar industrial operations. 11) The Operator must meet 50 per cent annual fines capture as defined in Directive 074 by no later than December 31, 2015 and every year after. 12) Syncrude shall submit an annual update by September 30 of 2013, 2014 and 2015 on the MFT Centrifugation Commercial Demonstration that include: (a) a performance report of the Demonstration Plant with technical interpretation of the results, (b) geotechnical characteristics of the deposits, (c) a discussion of environmental effects, including air emissions monitoring and release water quality, and (d) any other information formally requested by the Board. 13) Syncrude shall formally notify the ERCB of pilot plants, field pilot tests and/or demonstration plants for all tailings technology development at least 6 months prior to construction and update the test reports annually by February 28 or as specified by the ERCB. 14) Syncrude shall design, construct and operate the Southwest Sand Storage facility as described in Application No. 1595820. Syncrude: Approval No. 8573M Page 3 of 5 (a) Shall not deposit fluid fine tailings after December 31, 2015 unless otherwise approved by the Board. (b) Shall commence the transfer of fluid fine tailings no later than December 31, 2015 unless otherwise approved by the Board. (c) Shall remove all fluid fine tailings by no later than December 31, 2023 unless otherwise approved by the Board. 15) Upon identification of any erosion gullies Syncrude shall notify the ERCB by the quickest effective means and remediate, to the satisfaction of the Board, all gullies in a timely manner. 16) The Operator must meet Directive 074 fines capture on a cumulative basis no later than December 31, 2023, to make up for the shortfall in fines capture beginning July 1, 2010. 17) The Board may, (a) Upon its own motion, or (b) Upon the application of an interested person Rescind or amend this approval at any time if, in the opinion of the Board, circumstances so warrant. 18) This approval will expire on 31 December 2035. 19) Board Approval No. 8573L is rescinded. END OF DOCUMENT Approval No. 8573M Page 4 of 5 R 12 R 11 R 10 T 94 T r ive A g R th ke a us b M a s c a R iv e r MLSB 93 T C o k e PLANT er y Riv N acKa Sulphur T M 1 NMSPW Coke BML EIP SWIP T 92 T SWSS ERCB Approved Project Area Pit Limits Overburden Dump Tailings Centrifuge Cake Sand Beach Dykes / Dams 91 T SYNCRUDE MILDRED LAKE PROJECT APPENDIX A TO APPROVAL NO. 8573M 2013 Syncrude Approval 8573M 0 2 4 8 ERCB - Oil Sands and Coal Branch Kilometres Proj- NAD83 Z12N Approval No. 8573M Page 5 of 5 COMMERCIAL SCHEME Approval No. 10781H MADE at the City of Fort McMurray, in the Province of Alberta, on th 8 day of October 2013. ALBERTA ENERGY REGULATOR IN THE MATTER of a Scheme of Syncrude Canada Ltd., comprised of Canadian Oil Sands Partnership #1; Sinopec Oil Sands Partnership; Imperial Oil Resources; Mocal Energy Limited; Murphy Oil Company Ltd.; Nexen Oil Sands Partnership; and Suncor Energy Ventures Partnership (hereinafter called “the Operator”), for the recovery of oil sands and production of oil sands products from the Wabiskaw-McMurray Oil Sands Deposit in the Fort Hills and Kearl Lake Sectors. WHEREAS the Alberta Energy Regulatory (AER), is prepared to amend Approval No. 10781G held by Syncrude Canada Ltd. WHEREAS the AER deems it desirable to rescind and repeal all previous approvals granted in connection with the Scheme and to consolidate all previous approvals into a new approval. Therefore, pursuant to Section 13 of the Oil Sands Conservation Act, chapter O-7 of the Revised Statutes of Alberta, the AER hereby approves Amendment H to Approval No.
Recommended publications
  • Kern River, CA
    Heavy Liquid Hydrocarbons: Their Production and the Resulting CO2 Footprint Tony Kovscek Stanford University Energy Resources Engineering email:[email protected] First, a little quiz … Where does imported oil originate? Jan - Jul 2007 1%1%1%1%0% 4% 4%1%1% Domestic Production 3% 3% 36% 6% 7% 9% 9% 12% Energy Information Administration, www.eia.doe.gov Where does imported oil originate? 0% 4% 1%1%1%1%1%1% 4% Domestic 3% Canada 3% 36% Mexico Saudi Arabia 6% Venezuela Nigeria Algeria Iraq Angola Saudi Colombia 7% Kuwait Arabia Libya Mexico United Kingdom 9% Canada Ecuador 9% Brazil Equatorial Guinea 12% Other Energy Information Administration, www.eia.doe.gov Who has large proved oil reserves? Oil and Gas J., 2003 300 250 200 150 reserves (Bbbl) 100 50 0 Reserve≠Resource Reserve is energy that you can recover economically with existing technology. reserves (Bbbl) oil reserves? large proved has Who 300 250 200 150 100 50 0 Saudi Arabia Canada Oil and Gas J., 2003 Iraq Iran Kuwait United Arab Emirates Russia Venezuela Libya Nigeria United States Today’s Presentation • What has Canada got? – What is heavy oil? – What is heavy oil? – Why do you care about heavy oil? • Heavy-oil recovery methods are energy intensive – Alberta Canada Oil Sands – Kern River, CA • CO2 foot print for heavy oil production – energy needed to produce heavy oil – implications for CO2 production • Summary USA-Alaska Middle East 80 Bbbl 1400 Bbbl conventional oil Canada 2732 Bbbl USA-Continental 137 Bbbl Venezuela Oil Resource 700-3000 Bbbl - Heavy Say that world What
    [Show full text]
  • Gastech 2017 Heads to the Land of the Rising
    VISIT OUR STAND C430, HALL 4 The O cial 2015 Conference Newspaper DAY FOUR Published by , and Friday, 30 October 2015 Gastech 2017 heads to the INSIDE THIS ISSUE 3 Conference Programme Land of the Rising Sun 5 CoTEs Programme Japanese and international industry leaders will examine the critical role 6 China’s gas-fired energy of gas and LNG for Japan’s future energy security at Gastech Japan 2017 in Tokyo. revolution is on the move The Gastech Conference & Exhibi- tion, Japan will be held 4–7 April 2017 in Chiba/Tokyo. This is the largest and most important business and technology event for the gas and LNG sector, creating Siemens technology is helping a global platform to address and discuss move gas through China’s vital the latest challenges faced in Asia and on and extensive WEGP system a wider international scale. 10 Observe unique design Gastech moves to Japan for the first time and is being hosted by The Japan requirements for LNG Gastech Consortium, which is made up of pumps and valves 10 of Japan’s leading energy companies, The Makuhari Messe International Convention Complex, the site of Gastech 2017, Fluor discusses the exclusive including: JERA; Mitsubishi Corporation; is located in the Chiba Prefecture along the shores of Tokyo Bay. design specifications of pumps Mitsui & Co.; Tokyo Gas; INPEX; ITO- and valves for LNG service CHU Corporation; JAPEX; JX Group— ENEOS; Marubeni Corporation; and Sum- 13 LNG projects pull itomo Corporation. big financing with Bringing the international energy eco- long-term contracts system to the world’s number one con- Special Focus discussion on sumer of LNG and leading global tech- developments and investments nology hub is an exciting and unique for emerging gas markets opportunity for the gas market.
    [Show full text]
  • U.S.-Canada Cross- Border Petroleum Trade
    U.S.-Canada Cross- Border Petroleum Trade: An Assessment of Energy Security and Economic Benefits March 2021 Submitted to: American Petroleum Institute 200 Massachusetts Ave NW Suite 1100, Washington, DC 20001 Submitted by: Kevin DeCorla-Souza ICF Resources L.L.C. 9300 Lee Hwy Fairfax, VA 22031 U.S.-Canada Cross-Border Petroleum Trade: An Assessment of Energy Security and Economic Benefits This report was commissioned by the American Petroleum Institute (API) 2 U.S.-Canada Cross-Border Petroleum Trade: An Assessment of Energy Security and Economic Benefits Table of Contents I. Executive Summary ...................................................................................................... 4 II. Introduction ................................................................................................................... 6 III. Overview of U.S.-Canada Petroleum Trade ................................................................. 7 U.S.-Canada Petroleum Trade Volumes Have Surged ........................................................... 7 Petroleum Is a Major Component of Total U.S.-Canada Bilateral Trade ................................. 8 IV. North American Oil Production and Refining Markets Integration ...........................10 U.S.-Canada Oil Trade Reduces North American Dependence on Overseas Crude Oil Imports ..................................................................................................................................10 Cross-Border Pipelines Facilitate U.S.-Canada Oil Market Integration...................................14
    [Show full text]
  • Syncrude Implements Operations
    Connected Plant Syncrude Implement Honeywell’s Connected Plant Operations Management Suite to Formalize Work Processes Case Study “We are expecting a significant amount of return on investment over the long term, especially when we get more into the energy efficiency and optimization targets.” - Derek Hachey, Syncrude Benefits Syncrude’s implementation of Honeywell’s DynAMo® Operations Management, a software suite that includes Operations Monitoring (OM), provided help in formalizing work processes and work flows. One of the first benefits of utilizing OM, a core product within DynAMo®, was the realization and understanding of where Syncrude were not achieving critical targets. With OM, Syncrude has a consistent application of processing targets across the site and is now able to focus on moving forward with more of the energy optimization targets and building a standardized stewardship process around them. Background Challenge Syncrude is one of the largest producers of crude oil Prior to the introduction of Operations Management, Syncrude was attempting from Canada's oil sands. The company operates a large to manage the situation using Microsoft Excel spreadsheets, with varying oil sand mine, utilities plant, bitumen extraction plant inconsistent application of the information between the extraction organization and upgrading facility that processes bitumen and and the conversion/hydro-processing organization. Syncrude needed a produces value-added light, sweet crude oil called standardized way to monitor operating targets. The use of new solutions Syncrude Crude Oil (SCO) for domestic consumption presented challenges in selecting the best solution for Syncrude’s environment, and export. The corporate headquarters are located in plus the issues arising from changing existing manual processes.
    [Show full text]
  • News Release – the New Suncor Energy
    News Release FOR IMMEDIATE RELEASE Suncor Energy reports second quarter 2021 results Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, except for production values from the company's Libya operations, which are presented on an economic basis. Certain financial measures referred to in this news release (funds from operations, operating earnings (loss) and free funds flow) are not prescribed by Canadian generally accepted accounting principles (GAAP). See the Non-GAAP Financial Measures section of this news release. References to Oil Sands operations exclude Suncor Energy Inc.’s interest in Fort Hills and Syncrude. Calgary, Alberta (July 28, 2021) – “Suncor generated $2.4 billion in funds from operations in the quarter while also completing significant turnaround activities in the upstream and downstream businesses,” said Mark Little, president and chief executive officer. “The improved cash generation enabled us to increase shareholder returns to approximately $1.0 billion, representing approximately 40% of our funds from operations and we’re targeting further debt reduction in the latter half of the year in line with our previously announced capital allocation strategy.” • Funds from operations increased to $2.362 billion ($1.57 per common share) in the second quarter of 2021, compared to $488 million ($0.32 per common share) in the prior year quarter. Cash flow provided by operating activities, which includes changes in non-cash working capital, was $2.086 billion ($1.39 per common share) in the second quarter of 2021, compared to cash flow used in operating activities of $768 million ($0.50 per common share) in the prior year quarter.
    [Show full text]
  • Annotated Bibliography of Utah Tar Sand Deposits
    ANNOTATED BIBLIOGRAPHY OF UTAH TAR SAND DEPOSITS By J. Wallace Gwynn and Francis V. Hanson OPEN-FILE REPORT 503 Utah Geological Survey UTAH GEOLOGICAL SURVEY a division of Utah Department of Natural Resources 2007 updated in 2009 ANNOTATED BIBLIOGRAPHY OF UTAH TAR SAND DEPOSITS By J. Wallace Gwynn1 and Francis V. Hanson2 OPEN-FILE REPORT 503 UTAH GEOLOGICAL SURVEY Utah Geological Survey a division of Utah Department of Natural Resources 2007 updated in 2009 1 Utah Geological Survey 2 University of Utah, Department of Chemical and Fuels Engineering STATE OF UTAH Gary R. Herbert, Governor DEPARTMENT OF NATURAL RESOURCES Michael Styler, Executive Director UTAH GEOLOGICAL SURVEY Richard G. Allis, Director PUBLICATIONS contact Natural Resources Map/Bookstore 1594 W. North Temple Salt Lake City, UT 84116 telephone: 801-537-3320 toll-free: 1-888-UTAH MAP Web site: http://mapstore.utah.gov email: [email protected] THE UTAH GEOLOGICAL SURVEY contact 1594 W. North Temple, Suite 3110 Salt Lake City, UT 84116 telephone: 801-537-3300 fax: 801-537-3400 Web site: http://geology.utah.gov This publication was originally released in 2007. Additional references were added, and the publication was updated in 2009. This open-file report makes information available to the public that may not conform to UGS technical, editorial, or policy standards. Therefore it may be premature for an individual or group to take actions based on its contents. Although this product represents the work of professional scientists, the Utah Department of Natural Resources, Utah Geological Survey, makes no warranty, expressed or implied, regarding its suitability for a particular use.
    [Show full text]
  • CSR Case Study: Syncrude Canada Ltd. Earning Its Social License to Operate
    CSR Case Study: Syncrude Canada Ltd. Earning its Social License to Operate FINAL Prepared for: Interdepartmental Working Group on Corporate Social Responsibility (CSR) Corporate Social Responsibility: Lessons Learned Final Syncrude Case Study 1 Corporate Overview Syncrude Canada Ltd is the world’s largest producer of crude oil from oil sands. In 2001, the company produced 81.4 million barrels of sweet crude oil—the equivalent of 223 000 barrels a day—and supplied Canada with 13 percent of its petroleum needs. Syncrude’s final refined product, Syncrude Sweet Blend, is sent south by pipeline to refineries in Edmonton, the USA and the rest of Canada, where it is further refined into gasoline, diesel fuel and other derivatives. The company’s revenues in 2001 were $3.2 billion. Syncrude’s operations are located on the Athabasca oil sands deposit near the First Nations community of Fort McKay in the Regional Municipality of Wood Buffalo of north-eastern Alberta. In 1983, Syncrude moved its headquarters from Edmonton to Fort McMurray, 435 kilometres to the north, in order to be closer to its operations. Fort McMurray is a one-industry town of 50 000 people, that until recently had only two players: Syncrude and Suncor. This has begun to change as new companies have entered the oil sands business. Large new comers include Shell/Albian, EnCana Corporation, Canadian Natural Resources, Petro-Canada, True North Energy, and Nexen, among others. Despite this, Syncrude remains a large presence situated in one of the most sparsely populated regions in Canada. Syncrude was established in 1964 as a joint venture whose initial objective was to investigate the feasibility of mining oil from the Athabasca oil sands.
    [Show full text]
  • Delivering Value
    Delivering Value 2010 SUMMARY ANNUAL REPORT DEBT-TO-CAPITAL RATIO RETURN ON CAPITAL EMPLOYED* TOTAL RECORDABLE RATE (Percent) (Percent) (Safety incidents per 200,000 hours) 33 18 0.52 31 0.40 25 0.31 10 7 2010 2010 2010 2009 2009 2009 2008 2008 2008 *See reconciliation on page 38. 2 Letter to Shareholders Certain disclosures in this Summary Annual Report may be considered “forward-looking” statements. These are made 5 Financial and Operating Highlights pursuant to “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The “Cautionary Statement” Our Commitments in Management’s Discussion and Analysis in Appendix B 6 Delivering Shareholder Value of ConocoPhillips’ 2011 Proxy Statement should be read in conjunction with such statements. 8 Leveraging Technology 10 Developing Our People “ConocoPhillips,” “the company,” “we,” “us” and “our” are used interchangeably in this report to refer to the businesses Operational Review of ConocoPhillips and its consolidated subsidiaries. 12 Exploration and Production Definition of resources: ConocoPhillips uses the term 22 Refining and Marketing “resources” in this document. The company estimates 28 The Extended Value Chain its total resources based on a system developed by the Society of Petroleum Engineers that classifies recoverable 33 Financial Summary hydrocarbons into six categories based on their status at the time of reporting. Three (proved, probable and possible 40 Board of Directors reserves) are deemed commercial, and three others 42 Company Officers are deemed noncommercial or contingent. The 43 Shareholder Information company’s resource estimate encompasses volumes associated with all six categories. “ We have demonstrated our ability to successfully adapt our traditional, proven business strategies to new realities.” James J.
    [Show full text]
  • Success Story Syncrude Experion
    Honeywell Provides Expertise for Plant Expansion and Upgrade at Syncrude “Honeywell’s past performance and implementation without any incidents at the plant demonstrated its technical and people know-how. Honeywell has managed all the resources of this multi-year project and we expect a continued return on investment.” Peter Kokaram, UE-1 Process Automation Startup Manager, Syncrude Benefits Honeywell provided the expertise and technology to Syncrude for a major project expansion and modernization of its control system at its facility in Fort McMurray, Alberta, Canada. Syncrude selected Honeywell as the General Automation Contractor to help increase capacity and upgrade its control systems to the Experion® Process Knowledge System (PKS). The Honeywell control solution improved Syncrude project performance by: • Successfully implementing the project design and subsequent changes without any incidents or plant shutdowns Syncrude’s Fort McMurray crude oil production facility • Modernizing the existing automation platform to ensure reliable, continuous operations for the next 15 years Background • Providing better trained operators using training tools Syncrude operates the largest oil sands crude oil production such as advanced control and simulation software facility in the world. It is the largest single source of crude oil in • Resolving many technical problems in the existing plant Canada, producing more than 13 percent of the nation’s petroleum needs and employing more than 4,500 people. and correcting them before units were built • Investigating a variety of ergonomic factors and human Syncrude completed a $8.4 billion expansion which will increase engineering for control room development and design annual production capacity from 90 million barrels to 128 million barrels of Syncrude Sweet Premium, a higher grade, lower sulfur crude oil.
    [Show full text]
  • Syncrude Sustainability Report 2017-18
    SYNCRUDE SUSTAINABILITY REPORT 2017-18 ABOUT THIS REPORT This report is a highlights summary of the environmental, social and economic impacts of Syncrude’s operations during 2017. More information about the topics in this book can be found online at www.syncrude.ca. Based in Fort McMurray, Alberta, Syncrude operates technologically-advanced oil sands mines, extraction and upgrading facilities, as well as Syncrude is utilities plants. A large research and development facility in Edmonton one of the largest supports operations and has pioneered many of the technologies used today operators in in the industry. Current production capacity is 350,000 barrels per day Canada’s oil sands of high quality light sweet crude oil and cumulative shipments now industry, with over exceed 2.6 billion barrels. 50 years of responsible operations and ongoing innovation. Indigenous plant species are grown for use in reclamation programs in areas that were previously mined. TABLE OF CONTENTS 1 Leader’s Letter 3 2017 Highlights Wetlands are a key component of our ongoing 5 Our Sustainability reclamation strategy. Approach Pictured here, the reclaimed Sandhill Fen 6 2017 Corporate wetland research area. Performance Summary 9 Environmental Sustainability 10 Land 13 Biodiversity 18 Tailings 20 Water 23 Climate Change 26 Air 29 Social Sustainability 30 Health & Safety 33 Aboriginal Relations 36 Community Relations 39 People 43 Economic Sustainability 44 Operations & Economic Value 50 Key Performance Indicators BC Contact Information 2HECTARES15 OF FORMER MINE AREAS RECLAIMED IN 2017 1 LEADER’S LETTER People are the heart and soul of any organization. And at Syncrude, the determination, resolve and mindfulness of our people is forging the path to a truly sustainable company.
    [Show full text]
  • The Untold Story
    Oil SANDSFever FACT SHEET THE ENVIRONMENTAL IMPLICATIONS OF CANADA’S OIL SANDS RUSH The untold story Oil sands rush risks squandering a public resource and creating a legacy of environmental degradation Some people are quite sands are either strip mined from In the absence of stringent fuel shocked the first time they 80-metre-deep open pits or heated efficiency standards, demand for so the bitumen can flow to a well transportation fuels in North see the oil sands mines and be pumped to the surface (in America continues unabated. north of Fort McMurray. situ extraction). Both forms of oil As conventional oil production Mines just like these may sands extraction require considerable begins to decline, the oil sands eventually cover 3,000 km2 amounts of energy and water, and are being touted as the panacea. lead to significant environmental Consequently, increased oil sands of boreal forest. and climate change impacts. production is projected to reach But this only takes into account The goal in 1995 was to produce 2.7 million barrels per day by 2015, the oil sands mines. When you add a million barrels of oil per day and 5 million barrels per day by in the deep oil sands operations, by 2020. 2030. Given these projections, 149,000 km2 of Alberta’s boreal the question of how to manage the forest (an area the size of Florida) As a result of the very low royalties associated environmental impacts could be dramatically transformed collected by the Alberta government, becomes even more urgent. into an industrialized landscape. federal tax breaks, reductions in oper- ating costs and the rising price of The magnitude of the risks and The bitumen found in the oil sands crude oil, an unprecedented oil sands opportunities is unprecedented in is thick, molasses-like and low- rush is underway.
    [Show full text]
  • Peak Oil Strategic Management Dissertation
    STRATEGIC CHOICES FOR MANAGING THE TRANSITION FROM PEAK OIL TO A REDUCED PETROLEUM ECONOMY BY SARAH K. ODLAND STRATEGIC CHOICES FOR MANAGING THE TRANSITION FROM PEAK OIL TO A REDUCED PETROLEUM ECONOMY BY SARAH K. ODLAND JUNE 2006 ORIGINALLY SUBMITTED AS A MASTER’S THESIS TO THE FACULTY OF THE DIVISION OF BUSINESS AND ACCOUNTING, MERCY COLLEGE IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION, MAY 2006 TABLE OF CONTENTS Page LIST OF ILLUSTRATIONS AND CHARTS v LIST OF TABLES vii PREFACE viii INTRODUCTION ELEPHANT IN THE ROOM 1 PART I THE BIG ROLLOVER: ONSET OF A PETROLEUM DEMAND GAP AND SWITCH TO A SELLERS’ MARKET CHAPTER 1 WHAT”S OIL EVER DONE FOR YOU? (AND WHAT WOULD HAPPEN IF IT STOPPED DOING IT?) 5 Oil: Cheap Energy on Demand - Oil is Not Just a Commodity - Heavy Users - Projected Demand Growth for Liquid Petroleum - Price Elasticity of Oil Demand - Energy and Economic Growth - The Dependence of Productivity Growth on Expanding Energy Supplies - Economic Implications of a Reduced Oil Supply Rate CHAPTER 2 REALITY CHECK: TAKING INVENTORY OF PETROLEUM SUPPLY 17 The Geologic Production of Petroleum - Where the Oil Is and Where It Goes - Diminishing Marginal Returns of Production - Hubbert’s Peak: World Oil Production Peaking and Decline - Counting Oil Inventory: What’s in the World Warehouse? - Oil Resources versus Accessible Reserves - Three Camps: The Peak Oilers, Official Agencies, Technology Optimists - Liars’ Poker: Got Oil? - Geopolitical Realities of the Distribution of Remaining World
    [Show full text]