Word: alberta
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...Stelmach, premier of Alberta, has little time for McGowan and other critics. "If you take Alberta out of the equation, there's very little growth in Canada," says Stelmach, whose Progressive Conservative Party has a cozy relationship with Big Oil. But Stelmach's critics are getting louder as concerns mount over outsize greenhouse-gas emissions from the oil sands. At a recent fund-raising dinner in Edmonton for his party faithful, two Greenpeace activists rappelled from the ceiling of a hall, unveiling a banner that read $TELMACH: THE BEST PREMIER OIL MONEY CAN BUY. It was Greenpeace's typically great...
...American oil company, the biggest in the world, with annual revenue of $390 billion, calling the shots at Canada's biggest oil-sands producer? Syncrude, founded in 1964, when commercialization of the oil sands wasn't economically viable, epitomizes the tangled web of partnerships and deals that is Alberta's energy sector. The company has seven partners, but Syncrude's biggest shareholders are a pair of Calgary-based operators, Canadian Oil Sands Trust and Imperial Oil Ltd., which together own a 61.7% stake. It's through its controlling position in Imperial that Exxon has become master at Syncrude...
...mega-projects across Alberta's oil sands rival some of humankind's greatest engineering achievements, including the pyramids of Giza and the Great Wall of China. After thousands of years, those ancient projects still bear witness to history. Conservative estimates predict the tar sands will give out in just 70 years. Their legacy to Canada is yet to be written, but it may be a great deal bigger than expectations. With new deposits still being found and technologies improving, the sands could produce for a couple of hundred years more. Forget Venezuela. Canada may become the new Saudi Arabia...
...Sands For more images of Syncrude's Alberta operation, go to time.com/oilsands
...brutal crackdown on dissent in Tibet. But from a monstrous humanitarian crisis has come a new self-awareness, a recognition of the Chinese people's sympathy and generosity of spirit. The earthquake has been a "shock of consciousness," as Wenran Jiang, a China scholar at the University of Alberta, puts it, a collective epiphany when the nation was suddenly confronted with how much it had changed in two decades of booming growth and how some changes have been for the better...