Oil Sands Advantages and Disadvantages
Oil sands are a naturally occurring sand or sandstone, saturated with crude oil or bitumen. Although oil sands have the potential to be a sustainable energy source, there are certain pros and cons associated with them. Here are the advantages and disadvantages of oil sands.
Advantages of Oil Sands
- Energy Security: Oil from oil sands is a secure source of supply for Canada as there is an abundance of it. This helps to improve Canada’s energy security, as it does not have to rely on other countries for its supply.
- High Value Product: Oil sands generate a high-value product that is in high demand. This is important as it helps Canada to diversify its energy sources, which is beneficial for the economy.
- Employment: Developing oil sands projects provide Canadian workers with employment, as there is a need for skilled labour to work in the oil sands.
Disadvantages of Oil Sands
- Environmental Impact: Extracting and processing oil sands can have a negative impact on the environment, as there are air, water and land pollution risks associated with it.
- Cost: Developing oil sands projects can be expensive, and the costs can outweigh the potential benefits.
- Energy Intensity: Oil sands require a significant amount of energy to extract and process, and this can lead to higher emissions.
In conclusion, there are advantages and disadvantages associated with oil sands. It is important to consider all the pros and cons before investing in an oil sands project.