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
Tue, Jun 20, 2017 - 5:50 AM
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.
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.