...SUBSIDIES TO OIL AND GAS INDUSTRY 6 Canada's Oil and Gas Industry's Lack of Initiative to Reduce GHG Emissions Supported by Government Subsidies CANADA'S PERVERSE SUBSIDIES TO OIL AND GAS INDUSTRY 6 The lack of reduction in greenhouse gas emissions, as required in the Kyoto Protocol, by Canada's Oil and Gas industry can be blamed on the “perverse” subsidies provided by the Canadian government. According to the Canadian Association of Petroleum Producers (CAPP), in 2011, Canada is rated as “... the third largest producer of natural gas... and the seventh largest producer of crude oil in the world.” Since Canada's Oil and Gas industry is a major supplier in the world market, government subsidies that support the exploration of new methods of extracting resources as they become more inaccessible and scarce is justifiable; but according to Ecojustice (2010) Canada supplies billions in subsidies to the Oil and Gas industry annually while greenhouse gas emissions skyrocket. This violates the requirements set out in the Kyoto Protocol as well as affects Canada's reputation in the global marketplace as organizations such as the OECD question this government practice. The government of Canada supports a global-scale industry at the expense of its taxpayers; which given the amplitude of the industry, it is highly unnecessary for such a government policy to exist. Basic statistics provided by CAPP show that the oil reserve...
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...Oil Sands Essay Supporting the Oil Sands and Oil Production Did you know that over the past 35 years, Alberta has made $1.2 trillion from the oil sands? Did you know that the oil sands have provided over 1,700 jobs for local aboriginal people? I strongly believe that the oil sands and oil production are good assets for Alberta. In this essay, I will be informing you about the advantages of these assets. Firstly, the oil sands provide many benefits to aboriginal people, the founders of Canada. Next, the oil sands serve as a dependable source of energy for Alberta as well as for Canada. Oil also has a huge growth potential. Lastly, the oil industry provides many jobs and maintains Alberta’s economic growth. To start, the oil sands give aboriginal people a chance to work and earn a living. Over the past 3 years, oil companies such as Shell and Husky have given close to 1,700 jobs to hard working First Nations. Aboriginal students also have the chance to benefit from the oil sands. Scholarships are available for young adults looking to pursue studies in the oil business at post secondary institutions. First Nation corporations have made a total net profit of $8 billion over the past 20 years of doing business in the oil industry. There are also generous ‘oil patch’ organizations that have donated over $20 million to aboriginal communities in need. The First Nations workers are important as they work to provide energy for Canada. The next of many advantages of the oil sands...
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...“America is addicted to oil,” is one of the most legitimate, sad, and noteworthy declarations that the previous U.S. president, George Bush, had said. However, Bush's statement does not fall appropriate for America only anymore, for this addiction appeared to be contagious. Canada, America's neighbor from the North, discovered on its land the largest amass of oil in the world, a sea of sand marinated with bitumen. In 2008, TransCanada, an oil company, proposed the largest construction project on the planet, a pipeline that would transport tar sands oil from Alberta, Western Canada to the sixth largest refinery ever built located in the Gulf Coast of Mexico. The project faced a great number of criticisms from environmentalists, citizens, and some members of the U.S. government; however, as Canada’s tar sands oil industry grew, American and Canadian oilmen and politicians could not help but turn their eyes to Canada’s oil industry, a market that both countries cannot afford to lose, and so, as of 2010, the Keystone Pipeline made it through three phases of its construction. Nevertheless, the last and largest phase of the pipeline's construction is still on hold, as it will go through one of the greatest and richest aquifers on Earth, the Ogallala Aquifers. Tar sands oil is one of the dirtiest and most harmful fuels on Earth, and the 5,200 kilometer long Keystone XL Pipeline is boosting and promoting its industry in many parts of the world, therefore; its phase four construction permit...
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...An oil pipeline running through the Great Bear rainforest is an excellent idea. Not only would it affect British Columbia and its surrounding areas, but it would benefit Canada as a whole. Canada’s economy is dependent on the production and trade of oil and natural gas. “The biggest contributor to Canada’s balance of trade is, by a wide margin, oil and natural gas. The industry is a major job creator, employing more than 550,000 people”-Gwyn Morgan, CEO of EnCana Corporation/ Alberta Energy Company. A 550,000 people industry in Canada is tremendous, taking into account that Canada is roughly 1/10 the population of the U.S. A better way to compare would be taking all the employees of these major companies, and the impact of the Oil and Gas industry in Canada would be much more significant than all of the employees of these major U.S. multi-nationals. Ups-400,000 General Electric-300,000 General Moters-220,000 United Technologies-200,000 AT&T-250,000 Verizon-200,000 Walt Disney-175,000 Ford Moter-175,000 Boeing-170,000 Bank of America-300,000 JP Morgan-260,000 An oil pipeline would also create jobs. “Building and maintaining and entire pipeline is no easy task and involves thousands and thousands of people”-www.jobmonkeysjobs.com/cm/oil_jobs/oil_gas_pipeline. You would need mechanics, pipe...
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...Canada’s energy issues Introduction Canada is the 7th largest energy consumer in the world. Canada is one of the world's five largest energy producers and is also the world's fifth-largest producer of dry natural gas. It stands out as the largest foreign supplier of energy to the United States. However, economic and political considerations are leading Canada to consider ways to diversify its trading partners, especially by expanding ties with emerging markets in Asia. Canada is endowed with an exceptionally rich and varied set of natural resources, ranking among the five largest energy producers in the world, behind China, the United States, Russia, and Saudi Arabia. Canada produced an estimated 19 quadrillion British thermal units (Btu) of primary energy in 2012. Canada was the world's seventh largest energy consumer after China, the United States, Russia, India, Japan, and Germany. Canada has a population of more than 35 million (37th largest in the world) with a gross domestic product (GDP) on a purchasing power parity basis of $1,526 billion (13th largest in the world) in 2013. Canada's economy is relatively energy intensive compared to other industrialised countries, and is largely fueled by petroleum, natural gas, and hydroelectricity. Oil Canada is the world's fifth-largest oil producer, and virtually all of its crude oil exports are directed to U.S. refineries. Canada is a major onshore and offshore producer of crude oil, and the recent growth in its liquid fuels...
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...Regional alienation in Canada can be defined by the notion of some regions expressing of a distinct disconnection between themselves and the political affairs that predominantly take place in Ontario and Quebec. As Canada is geographically expansive, as well as politically and ethnically diverse, regional alienation has grown in areas primarily outside of Canada’s political epicentre. One of the more noticeable instances of regional alienation comes from the Western regions of Canada (Manitoba, Saskatchewan, Alberta, and British Columbia) and has led to the creation of the commonly known term, Western alienation. Although the West is not the only region in Canada in which alienation exists, it is the region that had most actively expressed...
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...Canada History http://www.canadahistory.com/sections/eras/trudeau/western_alienation.htm Western alienation has had its roots causes in the Western Canada's disappointment at not having more control over the Federal Government. To many in the west, Ottawa is viewed as pre-occupied with the Quebec Ontario axis and makes most of its decisions based upon how they will effect central Canada. During the 1950's and 1960's Alberta's oil industry grew substantially and the Social Credit government in Edmonton was happy to leave oil development to big business and just collect the provincial tax revenues and royalties. As the 1970's began the Social Credit were ousted in Alberta and replaced by a Conservative government under Peter Lougheed. His government took a much more activist role in the oil industry, believing that not only could more revenue be generated for the province but the oil industry could help develop other industries in the province and diversify its economy. In 1973 the Yom Kipper war in the middle east had resulted in a saved Israeli victory and the Arab OPEC nations decided to increase oil prices by up to 100%. The windfall profits that resulted from the oil production were quickly absorbed by Alberta's provincial government which resulted in the building up to over $14 billion of what was called the Heritage fund. The flip side of the coin was that he rest of Canada were subjected to gas prices that rose by over 350% in a year and threatened economic stability...
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...Question 1:__________________________________________________________________________ There are many key issues pressing on Canadians for a wide variety of reasons. One of the largest and most debated issues is the Canadian Healthcare system. The main concerns of both the government and the people are the extraordinary costs that are required by tax payers to maintain the system. Another concern is the long wait times required by patients due to the ease of access to healthcare. I have some suggestions to not only save money, but also to reduce wait times. My first suggestion is to increase the budget for homecare and senior care. Senior citizens make up a very large portion of healthcare patients. Increasing financial support of homecare could reduce the number of hospitalized seniors by providing in home support in the form of Personal Support Workers, Registered Practical Nurse’s, Registered Nurse’s and visiting doctors. The average cost of a hospitalization for one day is $7,000. By providing visiting nursing/ doctors we could reduce that cost to $25-$500 per day depending on the care needed. A second suggestion would be to introduce the very much debated 2-tier system (allowing private hospitals, in addition to the public hospitals currently in place). By introducing this system, all patients would...
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...+ The economic prosperity that Canadians enjoy is dependent, largely in part, in getting Canadian goods to global markets via marine shipping. From coast to coast to coast, Canada’s economic growth is intrinsically linked to the marine shipping industry. + Marine shipping is increasing because the demand for trade with Canada is growing. However, Canadians and the country’s economic growth demand a safe and sustainable marine shipping industry. + Polling shows that Canadians are equally aware of the importance of marine shipping to our economy and that environmental concerns cannot be ignored, especially along our coastlines. + Canadians expect improvement by all marine shipping stakeholders — from governments to industry...
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...Alberta’s Oil Sands: Are They Really That Bad? College Communications – Section 106 Friday, November 26, 2010 Alberta’s Oil Sands: Are They Really That Bad? One of the most recent topics related to the environment and how poorly Canada is performing, when it comes to managing its pollution and greenhouse gas emissions, is Alberta’s oil sands. Most of us have seen the commercials put out by the Canadian Association of Petroleum producers (CAPP), created to inform us of the innovations and research that is currently being done to reduce their pollution and carbon footprint. Are these commercials presenting us with straight facts or have they been presented to us in an attempt to sway our opinion? Whichever the case may be, we have a right to be properly informed and our government has a responsibility to analyze, inform and act with the best interest of Canada’s environment and its people in mind. When we compare what we are told by the government and the association representing the oil sands industry, with scientific facts, we will see where our government’s true interest lies and how damaging the oil sands really are. The most obvious effects of the oil sands is the area consumed by their operations. To date, more land has been reserved for oil sands operations than that of the entire country of England. Amongst all of this land, the oil sands have what are called tailing ponds. These are large bodies of contaminated water, created as a holding area for the oil production...
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...Canada is Dependent on the Economy of the United States Canada’s economy relies heavily upon the U.S economy when it comes to international trade, foreign investment, and jobs. They share the biggest trading relationship in the world with almost 2 billion dollars’ worth of products crossing the border every single day. The stock market consists mostly from the companies located in the U.S. Who obtain natural resources from Canada. Our southern neighbor is the biggest foreign investor in Canada; in addition 1 out of 5 jobs in Canada are linked to international trade. In conclusion if anything were to happen to the economy of the United States it would affect our economy as well. Canada is a member of the G8 and has the 7th largest economy in the world. U.S is very important to us, considering the fact that about 70 percent of the population lives 200 Miles away from the boarder. Trade is essential; Canada is blessed with a huge oil resource, the second largest after Saudi Arabia (Canada’s economic overview, Par4). We are also the second largest country after Russia. We are known worldwide as a very diverse country, top when it comes to economics and occupies a lot of land. Trade of natural resources and different products is very important to keep Canada at the top. The United States of America and Canada share the biggest trade relationship in the world. U.S accounts for 73% of all exports and 63% of all imports in Canada. When NAFTA (North American Free Trade Agreement)...
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...Value Chain of the Oil and Gas Industry Main Suppliers Production: Top Natural Gas Producers -Russia -Canada (Sands) -Iran*** -Norway -Algeria -Indonesia -Saudi Arabia -Turkmenistan -Malaysia Production: Top Natural Gas Producers -Russia -Canada (Sands) -Iran*** -Norway -Algeria -Indonesia -Saudi Arabia -Turkmenistan -Malaysia Production: Top Oil Producers * Saudi Arabia * Russia*** * U.A.E * Canada * Venezuela * Kuwait * Nigeria * Mexico * China * Iran Production: Top Oil Producers * Saudi Arabia * Russia*** * U.A.E * Canada * Venezuela * Kuwait * Nigeria * Mexico * China * Iran Oil (*** top producer) Natural Gas (*** top producer) OPEC: Organization of the Petroleum Exporting Countries- aim in the oil and gas industry is to shift the bargaining power from the large oil companies to the producing countries Member Countries: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezula OPEC: Organization of the Petroleum Exporting Countries- aim in the oil and gas industry is to shift the bargaining power from the large oil companies to the producing countries Member Countries: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezula Preference Major Competitors IOC’s (Integrated Oil Companies)- companies that...
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...Oil and natural gas touch our lives in countless ways every day. Together, they supply more than 60 percent of our nation’s energy. They fuel our cars, heat our homes and cook our food. But did you know that oil and natural gas also help generate the electricity that powers our daily lives? Or that crude oil supplies the building blocks for everything from dent-resistant car fenders to soft drink bottles to camping equipment? Explore this section to learn more about oil and natural gas, how they are produced and how they become the products you count on. You'll also find useful tips on how to conserve energy and use oil and natural gas products in ways that protect you, your family and our environment. Wells to Consumer Interactive Diagram This interactive diagram that shows the journey of oil and natural gas from Exploration and Production to the final products that benefit consumers. Exploration and Production Access to oil and natural gas resources is critical to supplying the energy needs of American consumers, business and homeowners. Transporting Oil and Natural Gas Supply and demand are rarely concentrated in the same place. Transportation therefore is vital to ensuring the reliable and affordable flow of petroleum we all count on to fuel our cars, heat our homes and improve the quality of our lives. Fuels and Refining America's refiners are a strategic asset for the United States, and maintaining a viable domestic refining industry is critical to the nation's...
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...to oil By Jeff Rubin January 18, 2013 – The Globe and Mail It’s a few weeks into a brand new year and so far Canadians are discomfited by watching our dollar rank among the world’s worstperforming currencies. The oft-cited reasons include high consumer debt levels, the potential for a housing bubble, and worries that Canada’s economy is on a divergent path from the U.S. Really, though, it’s about oil. For years now, Canada’s currency has traded as a petrodollar. That might not jive with its standing in the domestic economy, where it accounts for around 4 per cent of GDP and roughly 2 per cent of employment. When it comes to investment and trade flows, though, it dominates. Given that the loonie’s fortunes will continue to be tied to oil for years to come, what might that future hold? Canada certainly has the potential to become an even bigger player in the global oil market than it is now. The oil sands are the third-largest oil reserves in the world. The Harper government, meanwhile, has made no secret that it will do everything it can to ensure environmental and other concerns won’t stand in the way of the oil industry’s plans to more than double bitumen output from northern Alberta to five million barrels a day over the next two decades. But is that best-case scenario for the oil industry realistic? Prime Minister Harper may think so. He clearly still has visions of Canada becoming an energy superpower. Financial markets have more doubts. The shine has come off the oil sands...
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...FourQuest Energy SWOT Analysis FourQuest Energy is an industrial cleaning firm that specializes in pre-commissioning, commissioning, maintenance and shutdown services for the oil and gas industry. FourQuest Energy (FQE) is an ISO 9001:2008 certified international company with locations across Canada, the Middle East, Africa, and the Caspian region (FourQuest, Canada’s Fastest-Growning Company, 2015). FQE was ranked Canada’s number 1 fastest growing company on the Profit 500 2014 list showing a revenue growth of 7,308% (ProfitGuide, profit500, 2015). The Edmonton Alberta organization which first began operation in 2008 is a very strong player in helping to keep the energy giants working. FQE employs more than 200 people fulltime, runs 12 offices worldwide and posts upwards of $50 million in annual sales (ProfitGuide, Canada’s Fastest-Growing Company, 2015). Entrepreneurs Karl Gannon and Nik Grgic started FourQuest Energy after their suggestions for improvements were not implemented in the organization they worked for. They felt that they could do a better job with the right opportunities (ProfitGuide, Canada’s Fastest-Growing Company, 2015). Together they have been able to attract other top talent to their organization to help further grow the organization. Their management style has won them the 16th spot on the 2013 Best Managed Companies list. Their ultimate goal is to turn the organization into a $500 Million organization within 10 years (ProfitGuide, Canada’s Fastest-Growing...
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