I am absolutely surprised that Minister Conrad Enill will even suggest that tar sands represent a viable option for Trinidad and Tobago’s energy economy. It is even more surprising that Minister Enill would hold up Alberta as a model. Canadian media reports that "on Nov. 17, 2008 Petro-Canada announced that it would delay the final go-ahead for the mining portion of its planned C$21 billion Fort Hills project in Alberta. Petro-Canada is Canada's No. 4 integrated oil exploration and refining firm. It said it will not make a decision on proceeding with the mine until 2009, instead of December as initially promised, because it expected costs to decline as oil sands projects fall by the wayside. Royal Dutch Shell postponed a plan that would have nearly doubled its production from the Athabasca oil sands project north of Fort McMurray. Suncor Energy, the second largest oil sands operator, reduced its planned capital spending for 2009 by more than a third to $4.9 billion. Nexen Inc. and others have all rethought ambitious oil sands plans that were based on strong prices and easy credit."
Click link above and read my Letter to the Editor.
No comments:
Post a Comment