To: Tommaso who wrote (2075 ) 8/28/2005 4:13:39 AM From: Taikun Read Replies (2) | Respond to of 25575 Proposed CANDU reactor in Sask to supply oil sands:northamenergy.com Production of synthetic crude oil from oilsands is a rapidly growing and critical industry in Alberta, Canada. With completed capital projects valued in excess of US$40 billion, and planned projects worth US$60 billion, it is clear that investors are committed to expanding the production capacity from these sources to meet the fast-growing demand. The reservoir of oil in this region, estimated at 300 billion barrels of presently recoverable oil, could supply 10 million barrels per day for the next 80 years, given the production capacity required. Current production techniques consume massive quantities of natural gas (CH4) in order to produce process energy, and accordingly the production of synthetic crude oil produces large carbon dioxide (CO2) emissions. Canada is a signatory to the Kyoto Protocol, which mandates reductions in the quantity of CO2 produced. This is a significant threat to future tar sands capital projects. A productive and effective way to meet the Kyoto commitment would be to utilize an energy source that does not produce CO2, and is capable of producing the massive quantities of power needed to fuel the present and future demand. Nuclear power is the answer. With Phase 1 costs of US$5.05 billion, this proposed project would be the largest and most expensive construction project in the history of Saskatchewan. On a phase determinant and incremental basis, the project would stimulate the Alberta and Saskatchewan economies for decades to come. It is a safe, achievable, economically viable and highly secure option for providing stable, multi-dimensional energy supply to Canada and the continental United States. This would be a reliable energy source for the long term.