eyes on the oilsands
What people are saying about the industry in the media around the world.
“This is
absolutely
a great
day
for the
oilsands.”
— Entrepreneur Kevin
O’Leary on the proposed investment of
China Investment
Corporation into
Penn West Energy’s
oilsands projects—
offering access to
world markets for
the capital. The
Lang and O’Leary
Exchange, CBC
Newsworld, May 13.
PHO TO: CBC.CA
“The oilsands are a misunderstood industry. People believe it doesn’t meet the criteria from the environmental and sustainability perspectives, but they have to understand that this is a new industry. It is still in the process of being developed. We are lucky to have it in Canada.”
— SNC Lavalin president and chief
executive officer Pierre Duhaime,
Calgary Herald, May 7.
PHOTO: DAYLIFE.COM
“We’re obviously very disappointed by
the performance…. It’s not good for the
IPO market, it’s not good for Athabasca
[Oil Sands Corp.], and it’s not good for us
reputationally.”
— Kevin Sullivan, chief executive officer of GMP Capital, which led the junior
company’s IPO with Morgan Stanley. The sale raised $1.35 billion but the
stock fell 33 per cent in the first month of trading, making it the worst
Canadian IPO since 2007. Bloomberg Businessweek, May 12.
“If you need crude
to fuel your economy,
you’d really better be
thinking about
Canada.”
— Chris Seasons, president of Devon Canada,
New York Times, May 18.
“Unfortunately, there’s
just no way to avoid
climate catastrophe
if you develop the
tarsands.”
— James Hansen, director of
NASA’s Goddard Institute for
Space Studies, from an open
letter in a Norwegian newspaper.
Canadian Business, May 19.
