Once, considered as a big villain causing global warming, Alberta’s oilsands could now turn in to a savior, protecting our planet from the catastrophic effects of global warming. A study carried out by PricewaterhouseCoopers has concluded that Alberta’s oilsands could play a major role in saving the world from the devastating effects of climate change. Oilsands are a combination of clay, sand, water and bitumen. The bitumen is made up of highly condensed polycyclic aromatic hydrocarbons and it is extracted from mined oilsands to produce petroleum products.

 

PricewaterhouseCoopers suggests that developed nations should take the lead in tackling global warming, by adopting various strategies to improve energy efficiency, use of renewable fuels as alternates to fossil fuels and developing carbon capture and storage technology. This firm estimates that global greenhouse gas emissions could be reduced by over 17%, if a carbon capture and storage technology, could store carbon dioxide in geological formations in Western Canada, which are suitable for storing carbon underground.

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