What are the tar sands, and what is it used for?
Tar Sands are a mixture of heavy crude oil, sand, and water. This resource is primarily used for heating and fuel. Hydrocarbons ,from oil, when mixed with other substances create asphalt, plastic, wax, etc.
What is the economic issue associated with tar sands?
An economic issue is that for every dollar invested in the oil sands, creates $7.50 worth of economic activity. Uncontrolled expansion, has captivated government to depend on effortless oil revenues and has bound Canada's economic future to insecure world of global oil demand. Expansion has also made Canada to make large economic risks. Over 70% of tar sands oil companies are owned by businesses outside of Canada. Business owners are making the industry into one of the most dirtiest and most destructive forms of energy on the planet. The tar sands development threatens future Canadian prosperity. Even though there are many reasons why this process is bad for the economy there is a benefit regarding the business. The business encourages communication and collaboration between companies that own a part of the business. Since over 70% tar sands oil companies are owned by businesses outside of Canada, the collaboration promotes compromise and communication between countries, that may not have been strong in their relationship. The business also makes profit for Canada.
Is this process sustainable?
This process is not sustainable because to get the oil we are cutting down the trees at a rate, in which to plant replacement trees, cannot keep up. Alberta believes that by establishing realistic targets and regulations now, and investing in clean energy technology, will help them to reach their goal of having less of a bad impact on the environment. Alberta has no intent to stop mass oil processing, but if they reach their goal, then perhaps this process is sustainable.
Tar Sands are a mixture of heavy crude oil, sand, and water. This resource is primarily used for heating and fuel. Hydrocarbons ,from oil, when mixed with other substances create asphalt, plastic, wax, etc.
What is the economic issue associated with tar sands?
An economic issue is that for every dollar invested in the oil sands, creates $7.50 worth of economic activity. Uncontrolled expansion, has captivated government to depend on effortless oil revenues and has bound Canada's economic future to insecure world of global oil demand. Expansion has also made Canada to make large economic risks. Over 70% of tar sands oil companies are owned by businesses outside of Canada. Business owners are making the industry into one of the most dirtiest and most destructive forms of energy on the planet. The tar sands development threatens future Canadian prosperity. Even though there are many reasons why this process is bad for the economy there is a benefit regarding the business. The business encourages communication and collaboration between companies that own a part of the business. Since over 70% tar sands oil companies are owned by businesses outside of Canada, the collaboration promotes compromise and communication between countries, that may not have been strong in their relationship. The business also makes profit for Canada.
Is this process sustainable?
This process is not sustainable because to get the oil we are cutting down the trees at a rate, in which to plant replacement trees, cannot keep up. Alberta believes that by establishing realistic targets and regulations now, and investing in clean energy technology, will help them to reach their goal of having less of a bad impact on the environment. Alberta has no intent to stop mass oil processing, but if they reach their goal, then perhaps this process is sustainable.