Suncor Energy Inc. is a Canadian independent integrated energy company based in Edmonton, Alberta. It specializes mainly in production of crude oil from the oils sands located in northern Alberta. Suncor ranks among the top 100 largest publicly traded companies in the world.
This company has been in the forefront of the new technology and research efforts related to oil and gas production. It was also one of the pioneer oil sands projects for the construction of the Keystone Pipeline.
The company is still undergoing the process of planning for the construction of the Keystone pipeline that will link the Bakken Shale of North Dakota to refineries in Louisiana. The pipeline is expected to create hundreds of jobs and boost the Canadian economy. Many environmental advocates have criticized the pipeline because the sands in Northern Alberta are considered to be highly polluting. They also worry that the pipeline will release large amounts of greenhouse gasses into the atmosphere during its life span.
This project will also open new oil sands to exploration and development. It will also create thousands of jobs for the people involved in this process. Suncor expects its oil reserves in Canada to increase from a current level of approximately one trillion barrels to as much as three trillion barrels over the next 20 years.
When Suncor’s Project K-Line is completed, it will create thousands of jobs and millions of dollars in revenue. The project will add an additional fifteen miles of pipeline to the existing pipeline network and it will connect the Athabasca Oil Sands Project to the TransCanada pipeline. The additional pipeline can then move the oil to the Irving, Texas Refinery. The new pipeline is expected to reduce the amount of oil produced by the Irving refinery by fifty per cent.
The Project is expected to create jobs for pipeline construction workers, engineers and other workers involved in the operation of the pipeline. It also promises to be a big boost for the economic health of the Edmonton and Alberta areas and will provide the necessary income for families to buy homes, cars and other items needed in order to enjoy the advantages of living in the area.
The project should be completed in 2020 with the first job being reported almost six months later. The completion date will likely be around April 2020 and when the project will be operating at full capacity. The project should reduce the monthly cost of the Irving Refinery by about thirty per cent.
This project is expected to provide thousands of jobs for skilled labour and many companies that specialize in the oil sands project. It also provides jobs for oil refining, equipment and other related companies. It is likely to be one of the biggest projects in North America and could provide jobs for a lot of people in Canada and in other countries.
This oil sands project could provide jobs in Canada and in many countries worldwide. It could bring about more economic growth, increased property values, reduced prices of commodities, a rise in tax revenues and a rise in income tax revenue. These effects could translate into more money available to government agencies. and this would then translate into lower spending.
One of the biggest concerns of environmentalists has been the impact of the oil sands project on wildlife. Environmentalists have worried that the pipeline will result in an increased amount of noise pollution from equipment that is dredging the ground. They have also complained that the pipeline is expected to disturb the delicate environment of boreal forests and wetlands.
The project has had to deal with some controversy before it was built. Suncor was one of the companies that faced a major challenge in British Columbia because of the way the pipeline was constructed. They had to hire the services of the BC Utilities Commission in order to gain approval for their pipeline project.
The pipeline was the subject of an environmental assessment when Suncor began construction in 2020. There are also concerns that the pipeline could cause damage to vegetation in the area and may cause harm to wildlife.