A water treatment pond at the McKay River Suncor oil sands facility
Letter from Canada: The oil sands revolution has begun
Oil Sands Pathway offers sector renewed long-term hope
Plenty has changed since May’s Letter from Canada, with the announcement of the Oil Sands Pathways to Net Zero initiative potentially heralding a change of fortune for the embattled bitumen industry. The title of last month’s letter, ‘Net zero poses existential threat to oil sands’, was in response to the IEA’s controversial net-zero emissions report, which conveyed a clear message that Canada’s oil sands industry would be uneconomic before mid-century, based on projected crude oil and carbon prices. The article suggested that, if Canadian oil sands producers were to continue producing bitumen two or three decades down the road, they would have to radically alter their capital investment str
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
