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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.


TSX:MEG - Post by User

Bullboard Posts
Comment by wallop13on Nov 24, 2015 9:19am
53 Views
Post# 24319110

RE:RE:RE:RE:RE:alberta's carbon tax on oil sands

RE:RE:RE:RE:RE:alberta's carbon tax on oil sands
wallop13 wrote: While 10% might not seem like much, it's quite impressive. Keep in mind that the chart is well to wheels. So about 75 G of CO2 MJ, or 72% of MEGS CO2 is from consumer consumption and the other 28% is from MEG's production and transportation. That's why the carbon tax will be charged to consumers at the pump too, we're the bigger problem here. When you put that into prospective, Meg itself produces about 21 G of CO2 MJ,compared to the oil sands average of 32 G of CO2 MJ. That means MEG produces about a 3rd less if we don't count what comes out of the consumers tailpipe. How do you like them apples ;)


Sorry, I made a mistake on the percent calculation. That should have been 78.125% of emitted CO2 is from the consumer and 21.875% is from MEG's production and transportation. 

Bullboard Posts