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Tar Sands Trade: Kuwait Buys Stake in Alberta As It Opens Own Heavy Oil Spigot
2014-10-15 05:38:27| Energy - Topix.net
Chevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta-based Duvernay Shale basin to Kuwait Foreign Petroleum Exploration Company for $1.5 billion. It marked the first North American purchase for the Kuwaiti state-owned oil company and yields KUFPEC 330,000 acres of Duvernay shale gas.
Tar Sands Trade: Kuwait Buys Stake in Alberta As It Opens Own Heavy Oil Spigot
2014-10-15 04:45:23| Oil & Gas - Topix.net
Chevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta-based Duvernay Shale basin to Kuwait Foreign Petroleum Exploration Company for $1.5 billion. It marked the first North American purchase for the Kuwaiti state-owned oil company and yields KUFPEC 330,000 acres of Duvernay shale gas.
Outrage as the EU Commission fails to label tar sands oil as highly polluting
2014-10-08 15:12:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: The European Commission has scrapped plans to label tar sands oil as highly polluting after years of lobbying from the Canadian government and the industry, in a move that has concerned campaigners. In a controversial decision on Tuesday, the commission has paved the way for Canadian oil being shipped to Europe by refusing to label it as highly polluted with the UK among the states supporting the import of the fuel. Oil from tar sands is a particularly carbon-intensive and polluting type...
Tags: highly
oil
label
commission
Industry Pressure Causes E.U. To Stop Calling Tar Sands Dirty
2014-10-08 12:00:00| Climate Ark Climate Change & Global Warming Newsfeed
ClimateProgress: After years of intense lobbying from Canadian fossil fuel interests and government officials, the European Union has abandoned plans to label Canadian tar sands, or oil sands, as dirtier than other forms of crude oil. A European Commission proposal released on Tuesday would make it so that no transportation fuel used in the E.U. would be penalized for the carbon intensity of its production. This redefinition would make it easier for oil suppliers to export energy intensive tar sands to the 28-country...
Tags: industry
stop
pressure
calling
EU scraps plan to label tar sands oil as highly polluting
2014-10-07 13:45:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The European Commission on Tuesday proposed scrapping a mandatory requirement to label tar sands oil as highly polluting after years of industry opposition. The new proposal abandons one obstacle to Canada shipping crude from tar sands to Europe and is likely to draw strong criticism from environmental campaigners and Green politicians. It is suggested in a revised draft law on how refiners report the carbon intensity of the fuel they supply. The debate about labelling tar sands, also known...
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