costs as new government rules could require them to spend up to US$13 per barrel to bury carbon dioxide (CO2) emissions released during the extraction process. It now costs oil sands producers around US$60 per barrel for normal extraction work. Oil majors like Shell and Exxon will try to pass on the higher costs…
CANADA: Industry faces high carbon costs in producing oil sands
Posted on August 25, 2008 by EnergyAsia