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Gold/Mining/Energy : Natural Gas

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From: Elliot F	1/19/2006 4:01:45 PM
	of 40

Read this post recently... >>The Financial Post reports in its Thursday edition the head of the Alberta government's research arm is warning about the volumes of greenhouse gasses as oil sands production ramps up over the next 10 years. The Post's Jon Harding quoted John McDougall, president of the Alberta Research Council, at a conference in Calgary. Mr. McDougall said environmental challenges "will govern the pace of oil sands growth" and are as much of an issue facing companies as the labour shortage. Alberta now produces about one-third of Canada's greenhouse gas emissions. Half of that output comes from power producers that burn natural gas and from the oil sands industry. He suggested the growing oil sands sector can take steps on its own to keep emissions in check and would be wise to solve the dilemma before policy from Ottawa forces action.>> My question is what does burning natural gas have on the greenhouse effect? I thought VERY little ..certainly not like burning gasoline. Many oil sands companies will be using large quantities of natural gas to liquify bitumen and bring it to the surface. Basically, I'm asking what effect this may have on policy making in Alberta. Also, what steps can oil sands company take to reduce the greenhouse effect? Elliot F

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