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Imperial Oil Ltd T.IMO

Alternate Symbol(s):  IMO

Imperial Oil Limited is an integrated oil company. It is engaged in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. In Canada, it is a producer of crude oil, a petroleum refiner, a marketer of petroleum products, and a producer of petrochemicals. Its segments include Upstream operations, which include the exploration for, and production of, crude oil, natural gas, synthetic crude oil and bitumen; Downstream operations, which consist of the transportation and refining of crude oil, blending of refined products and the distribution and marketing of those products; and Chemical operations, which consist of the manufacturing and marketing of various petrochemicals. Its operations include Cold Lake, Kearl, Nanticoke, Sarnia and Strathcona refinery. Its products and services include Asphalt, Chemical products, Esso and Mobil stations, Esso Commercial Cardlocks, Lubricants, Safety Data Sheets and others.


TSX:IMO - Post by User

Bullboard Posts
Post by I_luv_GVGon Oct 09, 2007 6:21am
1002 Views
Post# 13539434

Imperial sees challenges in warming Arctic

Imperial sees challenges in warming ArcticGlobe/CP say Imperial sees challenges in warming Arctic 2007-10-09 05:56 ET - In the News The Globe and Mail reports in its Tuesday edition that climate change could make Canada's Arctic energy resources harder to exploit, a United States scientist will tell an international conference this week. A Canadian Press dispatch to The Globe reports that University of Alaska professor Hajo Eicken says, "With significant changes to sea ice cover, we're going to have to pay very close attention to how that's changing." Prof. Eicken is one of the presenters scheduled to speak on oil spills in ice-choked waters. The conference in Anchorage, AK., starts Wednesday. "With the price of oil and where people are looking for oil, it is very timely," said Stephen Potter of SL Ross Environmental Research. "There's talk of going back to the Canadian Beaufort Sea to drill." There is more than just talk. Last July, Imperial Oil and its sister company, ExxonMobil Canada, bid $585-million for work rights on the floor of the frigid Arctic sea off the coasts of Yukon and the Northwest Territories. Prof. Eicken says because of climate change drillers will have to be aware that the old certainties of shore-bound ice have changed. He says landfast ice is detaching from shore faster than it did before. GLTA, I_luv_GVG
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