Tar sands consist of oil trapped in a complex mixture of sand, water and clay.
extraction and production emits on average three times as much
carbon dioxide compared to conventional oil.
Canada has proven reserves of 174 billion barrels of oil, second
only to Saudi Arabia's conventional reserves and probable reserves of 315 billion
barrels of oil, accessible using technology currently under development.
Canada's ultimate reserves are thought to be 1.7 trillion barrels of oil.
Shell, ExxonMobil, ConocoPhillips, Total, and BP all have projects and
expansion plans or planned developments in Canada.
Current production is in the region of 1.3 million barrels of oil per day. $125
billion has been earmarked for tar sand developments within the next few years.
The industry is calling for this to be trebled to $379 billion by 2025.
Production is forecast to increase to between 2.5 million and 6.2 million barrels
per day by 2020. Oil companies have announced plans to increase production to 7
million barrels per day.
For more in depth information about unconventional fuels - tar sands and shale oil
- and their impacts on the environment and wildlife, visit our Reports and resources section.
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