You are here

Race is on to revive Canada's beleaguered oil sands industry

Canadian producers are rooted in a risk-averse culture and reluctant to invest in new technologies

BT_20170620_SYSANDS20_2942804.jpg
The processing facility at the Suncor oil sands operations near Fort McMurray, Alberta. The caution of oil sands producers stems in part from the unique challenges of operating in Canada, where projects take years to build and require billions of dollars in upfront capital.

Calgary

IN the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands.

They are searching for a breakthrough

sentifi.com

Market voices on:

Powered by GET.comGetCom