Wednesday, March 07, 2007

Another handout for Big Oil

Interesting post by Robert McClelland:

Hey, the poor oil companies can barely manage to get by on their tens of billions of dollars in profit every year so why shouldn’t the taxpayer fork over a billion dollars to help them out.

Alberta wants Ottawa to help build a $1.5-billion pipeline that would put carbon dioxide emissions from the northern oilsands industry to work in oil wells hundreds of kilometres away.

Intergovernmental Affairs Minister Guy Boutilier is pushing Premier Ed Stelmach’s plan to capture C02 and send it through a $1.5-billion, 400-kilometre pipeline that would allow it to be used to help get more oil out of low-producing wells.

Boutilier wants Ottawa to pony up with $500 million for the pipeline, which would start in his riding in northeastern Alberta. Another $500 million each would come from the province and industry, he said.

You really have to admire the Conservatives on this one for showing their compassionate side by extending a helping hand to the downtrodden billionaires in this country. For that and your rejection of liberal NIMBYism–as demonstrated by your willingness to allow this project to begin in your own backyard–I salute you, Mr. Boutilier.


David Wozney said...

The linked CBC article states: "Production and refining in Alberta's north demands enough natural gas to heat 3.2 million Canadian homes per day, as well as generating three times more greenhouse gas emissions than conventional light or medium crude oil, according to the institute".

Carbon dioxide released by man near ground level is heavier than air and sinks in air rather than rising up to the upper atmosphere to become a so-called greenhouse gas. While sinking, it stratifies from air. After sinking and stratifying, it tends to remain close to the ground and may find its way down to low-lying water bodies or down to ocean level where it can mix and react with water to form weak carbonic acid. Carbon dioxide is also removed from the lower atmosphere by rainfall.

janfromthebruce said...

Erik, excellent post by proxy. Teehee. I wonder if this is going get funded by the ecofund (cough) turned into oilbucks by any other name.

Post a Comment