We are proud of the oil sands industry and are confident of its place in our energy future. The world needs energy. The resources we are developing, together with innovative recovery processes, will be important in meeting this energy demand. We recognize the economic benefits to Canadians of developing the resource responsibly.
With growing media attention and public awareness on the oil sands industry, Laricina remains engaged with industry associations, government and interested stakeholders to ensure there is a clear understanding of the issues and challenges facing the in situ business or drillable oil sands, as well as the positive developments occurring with the sector. Laricina’s consultation effort is occurring independently as well as under the auspices of the In Situ Oil Sands Alliance (IOSA), founded in 2008 to provide a voice for emerging in situ oil sands players.
We are proud of Laricina’s work and we feel that the many benefits of our industry need to be clearly communicated. In situ oil sands development offers diversified economic prosperity throughout Alberta at a manageable pace of expansion, with a modest surface impact and no draw on useable fresh water. SAGD technology, developed in Alberta, is already the most efficient thermal recovery technology in the world in terms of water and energy usage, and carbon emissions. With the opportunity to further reduce emissions through technical innovations such as solvents and carbon capture and sequestration, Canadians can be proud of the responsible development of the in situ resources of Alberta.