These oil resources have diverse life-cycle-greenhouse gas (LC-GHG) emissions impacts, and median per-barrel emissions for unconventional resources vary significantly. "gridLineColor": "#e9e9ea", Canada’s oil sands industry is regulated and developed to balance environmental protection with economic and social benefits. "s": "INDEX:JX", "symbolActiveColor": "#F2FAFE", In 2014, analysis by IHS Markit using 2012 data found the GHG emissions per barrel from oil sands production to already be within the range of other crude oils refined in North America. "symbols": [ Overall, researchers found that oil sands average emissions per barrel decreased by 21 per cent between 2009 and 2017. More than 61 million tonnes of GHG emissions have also been reduced, from a business-as-usual scenario, since 2007. The oil sands have a long history of technological innovation that has led to improvements in energy efficiency and associated emissions reductions. "d": "WCS Heavy" In 2007, Alberta was the first jurisdiction in North America to introduce a price on carbon and mandatory GHG emission reduction targets on large industrial emitters. All countries, governments, Indigenous peoples, as well as civil society, business and individuals will have to be mobilized in order to achieve significant reductions in global GHG emissions. Fact: Canadian governments are balancing economic benefits of oil sands development with GHG reduction targets. It is important to note that oil production from Canada contributes little to global CO2 emissions. "s": "INDEX:TTEN", ] Follow CEC on Linkedin  CEC Linkedin Photograph courtesy Equinor. For example, final combustion emissions of gasoline emerging from tailpipes account for 70–80 percent of lifecycle emissions.Footnote 2 These vehicle emissions are the same, regardless of the crude oil from which the gasoline is derived. Cenovus says that it is critical for its board members to “understand how climate change related risks relate to our company, the industry and our regulatory environment.” Imperial’s management committee, which includes the chairman of the board and the CEO, “ensures that all risks, including climate risks, are addressed throughout the company.”. According to data from U.S. Energy Information Administration coal-fired power plants make up about one-quarter of the United States’ (U.S.) GHG emissions, and in 2013, these emissions were 26 times greater than emissions from the oil sands. { } 5“GHG emissions per barrel of oil produced from the oil sands decreased by 30% between 1990 and 2013.” Natural Natural Resources Canada, Key Facts and Figures on the Natural Resources Sector. "s": "UKOIL", }, "locale": "en", In 2014, oil sands GHG emissions per barrel were 31 percent below 1990 levels. { “On average, upstream emissions [intensity is] one-fifth lower than a decade ago and could fall another approximately 20 per cent over the coming decade. Cogeneration operations produce approximately 2,200 megawatts of power per year. "belowLineFillColorGrowing": "rgba(60, 188, 152, 0.05)", }, Notes: The area of each circle is proportional to each jurisdiction’s greenhouse gas emissions from the respective source. { In 2014, oil sands GHG emissions per barrel were 31 percent below 1990 levels. Diesel: 1 litre: 2.772kg of CO 2 1 US gallon: 10.493kg of CO 2. Cenovus Energy has also set a target to reduce its GHG intensity by 30 per cent by 2030, although Cenovus uses 2019 as the baseline year. This voluntary program seeks to develop consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. “Climate change is one of the most pressing challenges we face as a global community. }, Other Selected Commodities "s": "USOIL", "d": "CAD/USD" { "title": "Commodities", CO 2 emissions. Fact: Oil sands greenhouse gas emissions intensity continues to improve. Carbon dioxide emissions per barrel of crude oil are determined by multiplying heat content times the carbon coefficient times the fraction oxidized times the ratio of the molecular weight of carbon dioxide to that of carbon (44/12). The company has also set a target of net-zero emissions by 2050. In 2018, IHS Markit found that average oil sands emissions intensity had dropped by approximately 14 per cent since its original study. Barrels of oil consumed. The oil sands contributed about 9.3 percent of Canada’s total GHG emissions in 2014, which is equal to approximately 0.1 percent of global emissions.Footnote 1, Source: IHS ENERGY, Comparing GHG Intensity of the Oil Sands and the Average US Crude Oil, May 2014. Follow CEC on Twitter CEC Twitter, A series of oil platforms that are part of the Johan Sverdrup oil extraction project, the biggest field development on the Norwegian continental shelf since the 1980s. A big part of that challenge is about how we best produce and consume the energy the world needs while reducing the GHG emissions that contribute to climate change, all as we continue generating social benefit,” Suncor Energy CEO Mark Little said in the company’s 2019 Climate Risk and Resilience Report. "d": "WTI Crude" { For enquiries, contact us. "s": "TVC:USOIL+NYMEX:WCW1! { "s": "INDEX:TXCX", }, Regardless of the source, GHG emissions are a shared global challenge, requiring a global solution. The oil sands industry continues to build on its long track record of improving GHG emissions intensity as new projects are brought online. Photo: Jennifer Grant Over the past 50 years, the development of the oilsands has changed the face of Alberta, driving innovation and technology to make oilsands a reality. "s": "OANDA:NATGASUSD", Extracting bitumen and other heavy crude oil requires more energy than the production of lighter and more accessible forms of crude oil. }, As such, it undergoes a regular board of directors review. International Energy Agency (2010) World Energy Outlook. GHG emissions from oil production should be considered in their full context, taking into account the emissions produced when the oil is consumed. The average heat content of crude oil is 5.80 mmbtu per barrel (EPA 2019). 429 litres / 113.33 gal of petrol* 360.75 litres / 95.3 gal of diesel 3.15 barrels of crude oil * less than 8 fills of an average-sized car with a 55 litre tank Sources: World Resources Institute 2014, CAIT Climate Date Explorer and Environment Canada, National Inventory Report 1990-2014 Greenhouse Gas Sources and Sinks in Canada. Recent independent studies have shown oil sands emissions are similar to a number of crudes, both heavy and light, imported and refined in the EU, in particular when emissions created by flaring and venting practices are considered. }, ] The Government of Canada is providing national leadership by joining with the provinces and territories to take action on climate change, put a price on carbon, and reduce carbon pollution. Saudi Arabia - oil production in barrels per day 1998-2019 Largest global emitters of GHG by city 2015 Emissions from new U.S. chemical manufacturing plants 2015 The trend has continued to improve. "plotLineColorFalling": "#FF4A68", Crude oil: 1 barrel: 317kg of CO 2 (min.). In November 2015 the Government of Alberta released a far-reaching climate change policy that moves towards phasing out coal-generated electricity, implementing a new carbon price on GHG pollution, placing a hard-cap on oil sands GHG emissions and reducing methane gas emissions from oil and gas operations by 45 percent. Ownership. ", To that end, Canada played an instrumental role in reaching the Paris Agreement, under which 195 countries agreed to strengthen the global response to limit global warming to less than 2 degrees Celsius, and to pursue efforts to limit it to 1.5 degrees. EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry.

ghg emissions per barrel of oil

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ghg emissions per barrel of oil 2020