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To: Art Bechhoefer who wrote (92828)	7/27/2001 9:53:29 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 95453

From I know of Suncor, it's a little more than just a "pilot," this company has a market cap that runs a little over $9 billion. They produce about 130,000 barrels of oil per day, and with the "Project Millennium," ($2.8 billion expansion) they will be producing 230,000 barrels of oil per day by November of this year. The corporate goal, according to the annual report, is to achieve 450,000 barrels of oil per day by 2008. www.suncor.com Sticking with tarsands (no pun intended) Shell is building a $3.5 billion oil sands plant in Athabasca that will add 155,000 barrels of oil per day by 2002. www.shellcanada.com Syncrude is Canada's largest single source of crude oil and the world's largest producer of oil from oil sands, is producing 200,000 barrels of oil per day. With approval from regulators to go ahead with a $4 billion expansion that will bring production up to 360,000 barrels of oil per day by 2005. www.syncrude.com If you add up those numbers, the impact would be more than minimal. Regards Frank P.

To: Art Bechhoefer who wrote (92828)	7/27/2001 10:23:47 AM
From: Cogito Ergo Sum	Respond to of 95453

Hi Art, Here's a link with more Tar Sands info. gulf.ca regards Kastel

To: Art Bechhoefer who wrote (92828)	7/27/2001 10:39:14 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 95453

Art, the Kyoto agreement would be economic suicide for Canada's resource based economy. It would also have a significant impact on the U.S. with it's dependence on OPEC. Regards Frank P. -------------------------------------------------------- Kyoto could cost Alberta billions Global warming pact may damage economy as much as NEP, Klein warns Allyson Jeffs, Provincial Affairs Writer The Edmonton Journal Alberta's economy could take a multibillion-dollar hit under greenhouse-gas emission standards set out in the Kyoto accord, Premier Ralph Klein warned Monday. Klein told reporters the economic impact of the treaty to curb air pollution and reduce global warming could rival the much-despised National Energy Program imposed by Ottawa during the 1980s. "I've heard figures that are astounding," Klein said. "I've heard figures in the billions of dollars. I've heard figures in the trillions of dollars ... if we were forced to achieve those standards." He made the remarks after a last-minute deal to save the troubled treaty was reached during talks among 180 countries in Bonn, Germany. Klein said his government recognizes the importance of reducing greenhouse-gas emissions and has committed to using its "best efforts" to make progress. But he worries that Ottawa has signed onto a deal without the necessary assurances that scientific advances will make feasible cuts in carbon dioxide and other heat-trapping gases. In signing onto the accord Canada has agreed to reduce its greenhouse gas to six per cent below 1990 levels by 2008-2012. Oil, gas and coal industries would be significantly affected because fossil fuels are the largest single cause of global climate change. Klein said Kyoto adds a "new twist" to relations between Alberta and Ottawa, which have been warmed recently by Prime Minister Jean Chretien promoting Alberta's oil and gas reserves to U.S. President George Bush. "I've never heard any federal official, until recent times, say so many complimentary things about the potential for resource development in this province," Klein said. "Well, if you're going to pursue that potential and you're going to pursue that development, then certainly you've got to take into account commitments that were made some years ago by the federal government relative to Kyoto because as you develop our carbon fuels you also create CO2." Alberta Environment Minister Lorne Taylor, who was part of the Canadian delegation in Germany, said Alberta industry faces "a competitive disadvantage" under the accord because energy-producing countries, such as Mexico, Venezuela, Saudi Arabia and Kuwait, aren't part of the agreement. "My recommendation to the (Alberta) cabinet will be we remain Kyoto agnostic," he said in a telephone interview from Berlin. "Essentially what this deal will do is raise the cost of producing energy in Alberta." Taylor raised the comparison between Kyoto and the NEP last week, suggesting it could shut down Alberta's thriving economy. But he's encouraged by promises from Deputy Prime Minister Herb Gray that Canada won't ratify the accord without full consultation and agreement by the provinces. "We're going to raise our concerns with Ottawa, and from Alberta's perspective a number of these issues are deal-breakers," Taylor said. "If Alberta and Canadian industries remain at a competitive disadvantage, from my perspective that's a deal-breaker for Alberta and should be a deal-breaker for Canada." Taylor praised federal officials for listening to Alberta's concerns and for trying to bring forward the province's position during negotiations. He was pleased to see Canadian officials succeed in negotiating allowances for so-called carbon sinks, such as forestry and agricultural lands which absorb carbon from the atmosphere. However, he called for more discussion between Ottawa and the provinces over lingering sore points. The U.S., India and China aren't included in the agreement even though they produce more than 40 per cent of the world's greenhouse gases, Taylor noted. He is also concerned that no credits are provided for clean energy exports and that the penalties for failing to meet Kyoto standards are "extremely punitive." "Why would we want to take draconian measures when Canada only produces 2.5 per cent of the world's emissions?" Taylor asked. "It doesn't make sense to me." Progress on emission reduction must be demonstrated by 2005 and standards must be met by 2008-2012, the first compliance period. Countries that don't comply with the accord may have their reduction targets raised or face the financial penalty of buying credits from countries that have lower rates of emission. Alliance environment critic Bob Mills said "politics and word games" prevailed at the Kyoto negotiations, resulting in a deal that will do little to advance public understanding of global climate change. "What has been left out of these negotiations is absolutely critical to effective agreements: including developing nations, including credits for Canada's energy exports and supplying Canadian environmental technology to nations to help them avoid high pollution levels," Mills said in a news release. HIGHLIGHTS OF THE AGREEMENT - Under the global warming agreement reached Monday, Canada is committed to reducing annual greenhouse-gas emissions to 565 megatonnes, down from 601 megatonnes in 1990 -- a six per cent reduction. The country's annual emissions now stand at 694 megatonnes, meaning that Canada will have to cut 129 megatonnes of emissions to meet its target. - The Kyoto accord will come into force when ratified by 55 countries, which must include the industrialized countries responsible for at least 55 per cent of emissions. In practical terms, since the United States abandoned the accord, ratification by the European Union, Russia and Japan is necessary. - Countries that don't comply with the accord may have their reduction targets raised or face the financial penalty of buying credits from countries that have lower rates of emission. Enforcement, which may require an amendment to the protocol, will be further discussed at a meeting in Morocco in the fall.