Posted November 06, 2018 07:47:50 Canada’s tar sands will be in better shape than ever thanks to the sun, new research shows.
The new study, from the Centre for the Study of the Environment and the Environment at Simon Fraser University, found that oil sands producers in Canada could generate more energy from natural gas and renewables than in previous decades.
“There is an increasing recognition in the industry that there is more potential than ever before to be more energy-secure and environmentally sustainable,” said Dr. Michael Cammack, lead author of the study.
“This means we need to find ways to harness more natural gas.”
Cammacks co-author David Schreiber said the study focused on Canada’s Bakken field, which lies along the western edge of the country.
“We found that, in the short term, Bakken oil is already making up the vast majority of the energy we need in Canada, while natural gas has emerged as the only viable energy alternative in a number of provinces,” he said.
The oil sands are among Canada’s biggest oil fields.
In 2017, oil production peaked at 7.7 million barrels per day.
It has since been in decline, and the country is expected to run out of oil by 2040.
The latest report said the world will need about 5.5 million barrels of oil to meet its 2020 climate targets.