Posted AT 8:48 PM EST on 07/10/08
Market woes hit oil sands projects
CALGARY — The global financial crisis is threatening new Alberta oil sands processing projects, as tighter credit lines and lower oil prices cause companies to look for cheaper alternatives.
Most at risk are upgraders, the sprawling facilities where heavy crude, or bitumen, is processed into a lighter synthetic product that can be handled by more refineries.
Upgraders can cost up to $12-billion.
The full text of this article has 496 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
Technology
- Finding the perfect gadget
- Need a present for mom, dad, son, daughter, friend, colleague?
Today's Markets
| Market | Change | Value |
|---|---|---|
| Data delayed 20 minutes | ||
| S&P/TSX | +430.63 | 8,155.39 |
| DJIA | +494.13 | 8,046.42 |
| S&P 500 | +47.59 | 800.03 |
| Nasdaq | +68.23 | 1,384.35 |
poll
Globe Poll 
Interactive Puzzles
Challenge yourself with today's puzzles
Crossword Puzzles
Sudoku Puzzles
Most Popular
| Rank | Headline |
|---|---|
| 1. | Pirate humour rules Wall Street 21/11/08 11:20 AM
|
| 2. | The Detroit Three ... Two? One? 21/11/08 12:00 AM
|
| 3. | APEC leaders vow to push free trade 22/11/08 10:14 PM
|
| 4. | Maritimes get blast of winter 22/11/08 5:53 PM
|
| 5. | Dion has better numbers than Iggy, Bob and Dom 22/11/08 3:06 PM
|
| 6. | No. 33 joins the greats 22/11/08 10:21 PM
|
| 7. | Online messages detail plot to kill girl's family 22/11/08 8:30 AM
|
| 8. | Is Japan's 'lost decade' a window to the future? 21/11/08 12:00 AM
|
| 9. | Town that wealth built starts to feel the pain 22/11/08 1:00 PM
|
| 10. | Obama pledges economic plan for 2.5 million ‘more jobs' 22/11/08 9:00 PM
|
Society
- Teddy bear drive
- Images from around the party circuit
-
In Pictures:
AGO artist's party
-
In Pictures:
Giller award glitz
Collected Wisdom
- The yawning gap
- Why babies and infants don't 'catch' our yawns
5
50 Greatest Books
- The Decameron
- If Dante's Commedia is divine, Boccaccio's Decameron is definitely human.
2
-
Submit your thoughts:
Which would you pick?
Style
- Virtuous luxe
- As conspicuous becomes code for insensitive, shoppers are seeking more meaningful experiences
-
In Pictures:
Conscientious consumption
Travel
- What outback?
- When Baz Luhrmann's epic hits screens next week, it's sure to pique travellers' interest in Western Australia. But there's a whole lot more to Oz than the bush
Dear Sweetheart
- Letters from a soldier
- 'You do remember one thing always, I hope. And that is that I love you a great deal'
Adrienne Clarkson
- The Aga Khan: faith and action
- On the occasion of his Golden Jubilee and his visit to Canada, Adrienne Clarkson reflects on the spiritual and ethical leader
35
Most Popular
| Rank | Headline |
|---|---|
| 1. | Pirate humour rules Wall Street 21/11/08 11:20 AM
|
| 2. | The Detroit Three ... Two? One? 21/11/08 12:00 AM
|
| 3. | APEC leaders vow to push free trade 22/11/08 10:14 PM
|
| 4. | Maritimes get blast of winter 22/11/08 5:53 PM
|
| 5. | Dion has better numbers than Iggy, Bob and Dom 22/11/08 3:06 PM
|
| 6. | No. 33 joins the greats 22/11/08 10:21 PM
|
| 7. | Online messages detail plot to kill girl's family 22/11/08 8:30 AM
|
| 8. | Is Japan's 'lost decade' a window to the future? 21/11/08 12:00 AM
|
| 9. | Town that wealth built starts to feel the pain 22/11/08 1:00 PM
|
| 10. | Obama pledges economic plan for 2.5 million ‘more jobs' 22/11/08 9:00 PM
|
REX MURPHYA mop, a bucket and civility
JEFFREY SIMPSONWhat America's clean-air booster means for Canada
ERIN ANDERSSEN AND ANDRE PICARDRaising a child with a mental illness
MARGARET WENTEA black swan comes home to roost
Konrad YakabuskiQuebec's false turn and its next realignment