Shell cleared to expand Jack Pine oil sands project in Canada


Canada's government approves a major expansion of the Jack Pine oil sands mine operated by Royal Dutch Shell (RDS.A, RDS.B), despite an environmental review that warned of severe and irreversible damage.

The decision clears the way for Shell to raise production at the Alberta mine by 100K bbl/day, bringing total output at the joint venture with Marathon Petroleum (MPC) and Chevron (CVX) to 300K bbl/day; the mine is part of the larger Athabasca oil sands project, which has current production capacity of 255K bbl/day.

Shell says it hasn't made a final investment decision on moving ahead with the expansion but is reviewing the government's terms.

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Comments (2)
  • SoldHigh
    , contributor
    Comments (991) | Send Message
     
    The purpose of contemporary environmental reviews is to warn of severe and irreversible damage and stroke other unfounded fears.

     

    Meanwhile, most companies strive to operate in environmentally responsible ways, the manifestation of which has led to generally reasonable energy prices in the US in spite of what the extreme lefties have done to prevent true progress.
    7 Dec 2013, 10:52 PM Reply Like
  • just dan
    , contributor
    Comments (22) | Send Message
     
    Marathon Oil (MRO) is the partner ,not Marathon Petroleum (MPC).
    8 Dec 2013, 03:53 PM Reply Like
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