In our latest Boxscore Construction Analysis, we examine proposals by Kitimat Clean and Pacific Future Energy to process bitumen first and then ship those fuels to market.
Canada sits atop the third-largest crude oil reserves in the world. Nearly all of the country’s proven oil reserves—167 B barrels out of nearly 175 B barrels—are located in Alberta’s oil sands. In 2013, Alberta accounted for nearly 80% of total Canadian oil production. The remaining 20% of Canadian oil production originated from areas in the Western Canada Sedimentary Basin and the offshore fields of eastern Canada, primarily offshore Newfoundland and Labrador. Canada is the leading supplier of crude oil to the US, sending 97% of its total crude oil export volume to its southern neighbor, according to the US EIA. The majority of the exported crude originates from Canada&#
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