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Former premier urges slower pace to oilsands development
Former Alberta premier Peter Lougheed calls for government to slow oilsands growth during a Calgary conference. He advocates one surface mining project at a time while allowing underground bitumen projects to proceed, arguing reduced costs benefit wider Alberta business. He notes oilsands hold about 173 billion barrels. IEA predicts growth to 0.7 million bpd by 2014 with total Canadian output near 3.8 million bpd.
MENTIONED IN THIS ARTICLE
Oilsands
Calgary
Alberta
Peter Lougheed
Lougheed
Saudi Arabia
Alberta Energy
International Energy Agency
IEA
Canadian Association of Petroleum Producers