1. THE OILSANDS IN ALBERTA: THE OPPORTUNITIES AND CHALLENGES

2. JUST WHAT ARE THE OILSANDS Oil Sands are deposits of bitumen, a molasses-like viscous oil that will not flow unless heated or diluted with lighter hydrocarbons They are contained in three major areas beneath 140,200 square kilometres of north-eastern Alberta - an area larger than the state of Florida an area twice the size of New Brunswick, more than four and half times the size of Vancouver Island, and 26 times larger than Prince Edward Island.

3. JUST WHAT ARE THE OILSANDS There are 175 billion barrels of proven oil reserves here. That’s second to Saudi Arabia’s 260 billion but it’s only what companies can get with today’s technology. However, only about two per cent of the initial established resource has been produced to date. The estimate of how many more barrels of oil are buried deeper underground is staggering. Clive Mather, Shell's Canada chief says the total estimates could be two trillion or even higher

4. ECONOMIC CONTRIBUTION OF THE OIL SANDS $2,106,000,000,000 New oil sands development is expected to contribute over$2.1 trillion dollars to the Canadian economy over the next 25 years — about $84 billion per year. SOURCE: CERI 2011 $783 BILLION The oil sands industry will pay an estimated $783 billion in provincial ($122 billion) and federal ($311 billion) taxes and provincial royalties ($350 billion) over the next 25 years. SOURCE: CERI 2011

5. ECONOMIC CONTRIBUTION OF THE OIL SANDS 905,000 JOBS Employment in Canada as a result of new oil sands investments is expected to grow from 75,000 jobs in 2010 to 905,000 jobs in 2035 with 126,000 jobs in provinces other than Alberta. JOBS ARE DIRECT, INDIRECT, & INDUCED SOURCE: CERI 2011 $117 BILLION It is estimated that the oil sands industry will purchase roughly $117 billion in supplies and services from Canadian provinces outside Alberta over the next 25 years — about $5 billion/year. SOURCE: CERI 2011

6. OIL SANDS BENFITS OUTSIDE ALBERTA ALBERTA While Alberta receives about 94% of the economic benefits from oil sands, the economic impact across the rest of Canada is significant.

7. WHAT IS THE CURRENT STATE OF DEVELOPMENT Annual oil sands production is growing steadily as the industry matures. Output of marketable oil sands production increased to 1.126 million barrels per day (bbl/d) in 2006. With anticipated growth, this level of production could reach 3 million barrels per day by 2020 and possibly even 5 million barrels per day by 2030.

8. HISTORY OF THE TAR SANDS Commercial production of Alberta's oil sands began in 1967 when the precursor to Suncor launched the Great Canadian Oil Sands plant, which is located in Fort McMurray Syncrude opened the second major facility in the region in 1978. Other major players include Imperial Oil, Shell Canada, ConocoPhillips, and China National Petroleum Corp. Since 1967, approximately 4.6 billion barrels of the non-conventional resource have been produced. Much of the growth in oil sands production has occurred since the beginning of this decade

9. THE CHALLENGES OF THE OILSANDS The oil sands have been in the ground for millions of years, but for decades, prospectors lost millions of dollars trying to squeeze the oil out of the sand. It simply cost too much. But then $40 a barrel happened and the oil sands not only made sense, they made billions for the people digging them The oil sands then go into a plant. They’re heated in a cell, which separates the oil from the sand. This oil froth is then sent to an upgrader and eventually to a refinery. This has held production costs to around $27 per barrel of synthetic crude oil

10. THE CHALLENGES OF THE OILSANDS It takes about two tonnes of oil sands to produce one barrel of oil Oil sands producers move enough earth every two days to fill Toronto’s Skydome Large amounts of water are used for oil sands operations – Greenpeace gives the number as 349 million cubic metres per year, twice the amount of water used by the city of Calgary Environment Canada claims the oil sands make up 5% of Canada's greenhouse gas emissions, It predicts the oil sands will grow to make up 8% of Canada's greenhouse gas emissions by 2015 While the emissions per barrel of bitumen produced decreased 26% over the decade 1992-2002 [, total emissions were expected to increase due to higher production levels

11. CONVENTIONAL OIL SUPPLY IS DECLINING

12. THE CHALLENGES OF THE OILSANDS A million barrels a day are now coming out of the oil sands and oil production is expected to triple within a decade. It won’t replace Middle Eastern oil but at that point it will be the single largest source of foreign oil for the United States, even bigger than Saudi Arabia, which sends a million and a half barrels a day to America. The oil companies pay some of the highest salaries in North America.

13. THE CHALLENGES OF THE OILSANDS Creating energy from oil sands requires so much energy that the oil companies wind up spiking greenhouse gas emissions. The oil companies say they will reduce greenhouse gasses and they point out they are required by Canadian law to refill old mines and plant new trees, and that is happening — slowly. One company, Syncrude, has even introduced bison to land that once was a barren pit.

14. ARE WE GETTING FAIR VALUE FOR OUR OIL RESOURCES Bitumen royalties accounted for 10% of total Alberta government revenues in 2010-2011, and that is expected (according to the most recent Alberta Budget) to climb to approximately 20% of total government revenues, or $9.9 billion dollars by 2014-2015. The value of bitumen is determined by the world market for oil. Refiners will not pay more for oil produced in Alberta because we charge a higher royalty rate

15. ARE WE GETTING FAIR VALUE FOR OUR OIL RESOURCES According to Statistics Canada, overall in oil and gas, 35% of assets were foreign-owned in 2009, with 22% being US-owned. Similarly, 41.5% of operating profits were earned by foreign- owned entities. If it costs, on average, $40/bbl to produce that bitumen, and it’s worth $70-80, the rents are potentially worth over $1 million dollars to every Albertan.

16. ARE WE GETTING FAIR VALUE FOR OUR OIL RESOURCES The Government of Alberta New Royalty Framework (PDF) sets the royalty rates for oilsands projects according to a schedule ( which adjusts both on the financial state of the project and based on the price of oil.New Royalty Frameworkschedule The royalty rate is higher the higher is the price of oil, and projects are subject to a lower royalty rate, calculated on gross revenues, until the project has reached payout, or recovered its capital costs. Once payout has been reached, the project is subject to a higher royalty rate, now calculated on net revenues.

17. ARE WE GETTING FAIR VALUE FOR OUR OIL RESOURCES https://www.youtube.com/watch?v=iboAkuuzEc4 https://www.youtube.com/watch?v=EvXgSwyPUxM

18. IT IS AN ISSUE WITH STRONG OPINIONS ON BOTH SIDES HOW SUNCOR GETS OIL FROM THE SAND by Suncor https://www.youtube.com/wat ch?v=ST06yUMQL7ohttps://www.youtube.com/wat ch?v=ST06yUMQL7o Canada's Tar Sands: The most destructive project on Earth? by Truthloader https://www.youtube.com/wat ch?v=Sjia7BsP4Bwhttps://www.youtube.com/wat ch?v=Sjia7BsP4Bw RAGING GRANNIES SING LOOK AT NORWAY https://www.youtube.com/wat ch?v=dJWhCm2I3IQhttps://www.youtube.com/wat ch?v=dJWhCm2I3IQ