Technology holds the key to responsible oil sands development
November 24 2010 - 10:00AM
PR Newswire (Canada)
CALGARY, Nov. 24 /CNW/ -- From early oil sands development to
tomorrow's breakthrough technologies, research and innovation are
opening new opportunities and improving environmental performance
Highlights from the winter 2010 issue of The Review include: --
Imperial's head of oil sands development and research discusses oil
sands issues with science communicators at the Banff Centre -- Some
of Imperial's most prolific inventors talk about their inspirations
and successes -- A look back at Imperial's history of research and
innovation CALGARY, Nov. 24 /CNW/ - In the latest issue of Imperial
Oil's magazine, The Review, Bruce March, Imperial Oil chairman,
president and chief executive officer, says that industry,
governments and academia must increase their investment and
collaboration in oil sands research in order to address oil sands
challenges and restore public confidence. Technology has proven to
be instrumental in reducing energy consumption and greenhouse gas
emissions from oil sands production, says March. Because of this,
there should be a greater focus on collaboration and research.
"Additional and continuous investment is needed in order to bring
the best technology to bear on the challenges facing oil sands
development," he says. "My hope is that our greatest contribution
to the Canadian energy industry will be to inspire confidence in
Canadians that this huge natural resource can be developed in an
environmentally responsible and economically sound manner." To view
this and other articles, download the full version of The
Review. Imperial Oil is one of Canada's largest corporations
and a leading member of the country's petroleum industry. It is one
of the country's largest producers of crude oil and natural gas, is
the largest petroleum refiner, and has a leading market share in
petroleum products sold through a coast-to-coast supply network
that includes about 1,850 service stations. pCatherine Teasdalebr/
Editor, The Reviewbr/ 403-237-2710/p
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