I have written in the past that I think more research and development should go towards extracting more value from the oilsands. This R&D would ideally lead to better “green” technologies, and the profits we gain from the oil in the oilsands could also go toward sustainable energy. I’m sure there is lots of this R&D already going on, but a story about a new University of Alberta research centre caught my eye:
The Imperial Oil-Alberta Ingenuity Centre for Oil Sands Innovation’s mandate is to find more efficient, economically viable, and environmentally responsible ways to develop Canada’s oilsands resources, one of the largest crude oil deposits in the world. The centre will be led by scientific director Dr. Murray Gray.
The centre will invest $15 million over the next five years, will recruit more than 50 faculty, graduate students, and researchers, and will “apply the emerging tools of nanotechnology” to the oilsands. I guess that’s appropriate considering the National Institute for Nanotechnology is also located here at the U of A.
One of the main research goals of the centre is to reduce the amount of water used in the oilsands projects.
Read: ExpressNews
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The centre will invest $15 million over the next five years, will recruit more than 50 ?
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Maclean’s and Canadian Business magazines recently launched a series of online debates, called “Thinking the Unthinkables.” The second installment features CAPP president David Collyer and Pembina Institute Oil Sands Director Simon Dyer debating whether Canada’s Oil Sands are developing too quickly. There are some interesting arguments for both side…you can view the debates here:
http://microsoft.rogersconsumerpublishing.com/macleans/
http://microsoft.rogersconsumerpublishing.com/canadianbusiness/
With the increases in world population & requirements for dwindling oil resources the development of the Canadian tar sand is a vital resource for world oil supply. In light of world views on development of the Canadian oil sands as a unnecessary increase in the carbon footprint for the oil produced, perhaps other more palatable approaches should be considered such as the use of nuclear energy in the processing of the tar sands.
Bailout 2008, a poem by David Jeffrey
Like a bloodied warrior,
laying broken and torn.
Like a dying soldier, hopeless and forlorn.
But the blood, it be green,
the color of money.
And the soldier is an economy,
and it is anything but funny.
Broken are it’s people and shattered are their dreams.
Thanks to the ultra rich and their full proof schemes.
It is a tragedy with more pain to come.
Finance will be Hell, and their wills will be done.