Researchers looked at 15 strategies that would decrease sector’s energy use intensity, thereby lowering greenhouse gas emissions, and found increased profits from all of them.
Investment in new energy-efficient, greenhouse gas mitigation strategies by oilsands producers could net them some important profits, according to a model developed by a research group at the University of Alberta.
Engineering professor Amit Kumar and his team investigated 15 strategies covering all areas of the oilsands sector—in situ extraction, upgrading and surface mining—and found that each strategy could financially benefit oil sands extraction operations.
In their paper published in the Journal of Cleaner Production, Kumar’s group predicts that if the strategies are implemented, there is potential to reduce cumulative energy consumption in the oilsands by eight per cent and greenhouse gas emissions by seven per cent by 2050. The average greenhouse gas mitigation would be 7.6 million tonnes per year.
According to the Gov...