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Imperial wins nod for $8B Kearl oil sands


Published Jun 6, 2008
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Imperial Oil acquires exploration parcel in Beaufort Sea
courtesy Imperial Oil

Canadian oil sands player Imperial Oil has won a government go-ahead for its $8-billion Kearl project after an earlier delay over the completion of an environmental impact assessment.

The Government of Canada decided the “considerable” emissions would not have a “significant” environmental effect locally. The slower OK was seen as a small victory for Canada’s Greens.

Imperial expects 100,000 barrels of bitumen “crude” oil by the end of Phase 1 of mining in 2011.

By some estimates, oil sands emissions at Kearl could reach 3.7 million tonnes of carbon-dioxide a year, or about four times what the Sleipner platform offshore Norway stores away below the seabed every year.

Criticism was levelled at the Conservative Federal Government for was seen by opposition politicians to be a hasty rewriting of the permit to produce at Kearl.

Tags: Imperial Oil




   

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