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
2 April 2025
The often-hidden yet powerful hand maintains supply chain linkages and global flows amid disruptions
2 April 2025
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
