Quote:
Originally Posted by Frequitude
2) The 100 megatonne CO2 fence put around the oil sands is a fence they are already inside of. These companies aren't in massive growth modes, so this isn't that big of a deal. Instead it will give them a more measured control over the growth of the oil sands (i.e. labor and suppliers). The oil sands companies who really got screwed by this are the Petro China's of the world who mostly own a boatload of undeveloped leases.
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On point number 2, I believe the current emissions for oilsands sits around 60 to 70 Mt. The 100 Mt cap allows almost 50% growth not accounting for always increasing improvements.
If I'm Petro China, using your example, a potential strategy may well be to accelerate development....get in while you can if you will.