In return for a half share of Husky's Sunrise field in the Athabasca region of Alberta, the epicentre of the tar sands industry, BP has sold its partner a 50 per cent stake in its Toledo oil refinery in Ohio.
The companies will invest .5bn (2.7) in the project, making BP one of the biggest players in tar sands extraction.
BP, the British oil giant that pledged to move "Beyond Petroleum" by finding cleaner ways to produce fossil fuels, is being accused of abandoning its "green sheen" by investing nearly 1.5bn to extract oil from the Canadian wilderness using methods which environmentalists say are part of the "biggest global warming crime" in history.Lord Browne of Madingley, who was BP's chief executive until May, sold its remaining Canadian tar sands interests in 1999 and declared as recently as 2004 that there were "tons of opportunities" beyond the sector.But as oil prices hover around the 0-per-barrel mark, Lord Browne's successor, Tony Hayward, announced that BP has entered a joint venture with Husky Energy, owned by the Hong Kong based billionaire Li Ka-Shing, to develop a tar sands facility which will be capable of producing 200,000 barrels of crude a day by 2020."It takes about 29kg of CO2 to produce a barrel of oil conventionally.That figure can be as much 125kg for tar sands oil.Going on dates is cold and labor-intensive if it is 40 degrees below."- Sara,* 25, American, attended college in Montreal"I met two of my three girlfriends in Canada during the colder months.