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Oil Sands Producers Deal With Financial Friction-and Fire
Being on the wrong side of political changes, weak markets and unfriendly decisions from one's neighbors would surely be enough to make Alberta's oil sands producers feel depressed. Add to that the worst that Mother Nature could throw at them, and it would be understandable if the industry were in despair. Yet despite all of the challenges it has faced since mid-2015, progress is being maintained and, from a rather predatory perspective, there has been a new round of consolidation within the participants. The new approach includes an oil sands-specific emission performance standard, whereby a C$30/metric ton carbon price will be applied to oil sands facilities based on results already achieved by high-performing facilities. This, the government said, will drive toward reduced emissions and carbon competitiveness, rather than rewarding past intensity levels. Meanwhile, Canada's federal government is still in negotiations with the provinces over ways of implementing the promises made at last year's Paris climate summit.
Oil Sands Producers Deal With Financial Friction-and Fire
Being on the wrong side of political changes, weak markets and unfriendly decisions from one's neighbors would surely be enough to make Alberta's oil sands producers feel depressed. Add to that the worst that Mother Nature could throw at them, and it would be understandable if the industry were in despair. Yet despite all of the challenges it has faced since mid-2015, progress is being maintained and, from a rather predatory perspective, there has been a new round of consolidation within the participants. The new approach includes an oil sands-specific emission performance standard, whereby a C$30/metric ton carbon price will be applied to oil sands facilities based on results already achieved by high-performing facilities. This, the government said, will drive toward reduced emissions and carbon competitiveness, rather than rewarding past intensity levels. Meanwhile, Canada's federal government is still in negotiations with the provinces over ways of implementing the promises made at last year's Paris climate summit.
Oil Sands Producers Deal With Financial Friction-and Fire
Simon Walker (Autor:in)
2016
Aufsatz (Zeitschrift)
Englisch
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