Canadian Natural Resources is an oil and gas exploration, development and production company with its corporate head office in Calgary, Alberta. CNR is Canada’s largest oil and gas company and one of the world’s largest independent oil and gas producer. CNR was founded in Calgary, Alberta in 1989 but there is no specific man or women who have found the company. The company started off with drilling shallow gas basin, which is a big contributor of their success. Slowly they shifted into bitumen and crude oil. CNR headquarters are located in Calgary, Alberta and all the other offices are located in Alberta except for one, Fort St.John which is located in British Columbia. Their factories and offices are located in Alberta because Alberta is the …show more content…
The company believes in working together and collaborating with other industries on new technology to minimize the environmental footprint. The company wants to sustain a relationship with it partners and employees. Also the CNR has a human rights code of conduct which every employee has to accept before they become a member of the CNR family. Over the past 5 years the company has shown a significant increase in their stocks and they had a 74% increase from 2010-2014. They company had one of the most tremendous drops in 2013 due to their oil spill. The sales did very well too, in 2010 they had $14,000 million and in 2014 they ended with $21,000 million. CNR has established a great profile which has been a big contribution to their financial success of the …show more content…
Luckily everyone is given a chance to change what they have done. One solution that CNR can attempt is, to manage their oil pipes better by checking them more frequently and notifying any complication immediately. They can also hire more employees to supervise the pipelines and use advanced technology such as detected sirens and cameras to keep a close eye the pipelines. This will create more job opportunities and if everything is well maintained then small leaks will be reported as soon as possible, stopping them from becoming big leaks. But some of the pipes are located underground which means it will be very hard to supervise underground pipelines. To supervise the underground pipelines they will need to create a pathway for the employees or they will need to plant cameras and sirens underground which will cost them thousands of dollars. Another attempt CNR can make is to invest in a research group that will investigate on new oil well technology and a different route for the pipeline where it is less probable to cause a leak. Once a successful investigation is through the company can plan and organize a new route for the pipelines. Having new technology will improve the protection of pipes. But it will take some years to collect enough money to construct new routes and accomplish a proper research. Our reliance on oil based products and services is
TransCanada Corporation was founded in 1951 in Alberta, Canada and is currently one of the largest gas storage providers in North America. It has a storage capacity of 400 billion cubic feet and ownership or control over 51,860 miles of oil and gas transportation pipelines. The TransCanada Corporation’s primary focus of business is in natural gas and power generation, and currently employs approximately 4,800 individuals. TransCanada is affiliated with fourteen separate pipelines with the Keystone Pipeline being the most publicly known and controversial. TransCanada has ownership, partnership, or partial control over eighteen power plants in Canada and the United States of America as well.
The Grassy Narrows (Asubpeeschoseewagong) First Nation is an Ojibwa First Nation located north of Kenora, ON. The community has been fighting against environmental injustices imposed on them from various actors over the last 40 years (Rodgers, 2009, para. 10), involving issues with mercury poisoned fish (para. 1) clear cutting of their lands (para. 27) and subsequent degradation of their land, water and food sources. This essay will detail the environmental justice struggles of the Grassy Narrows First Nation, point out the unfair treatment and environmental racism they have been subject to and will also question the role that authority, power and litigation have played within the community.
The Alberta Oil Sands are large deposits of bitumen in north-eastern Alberta. Discovered in 1848, the first commercial operation was in 1967 with the Great Canadian Oil Sands plant opening, and today many companies have developments there. The Alberta Oil Sand development is very controversial, as there are severe environmental impacts and effects on the local Aboriginal peoples. This essay will discuss the need for changes that can be made for the maximum economic benefit for Canada, while reducing the impact on the environment and limiting expansion, as well as securing Alberta’s future. Changes need to be made to retain the maximum economic benefits of the Alberta Oil Sands while mitigating the environmental and geopolitical impact. This will be achieved by building pipelines that will increase the economic benefits, having stricter environmental regulation and expansion limitations, and improving the Alberta Heritage Fund or starting a new fund throu...
One of these factors was the logistical nightmare of redeveloping the infrastructure needed to transport oil to the refinery. As early as 1881, Standard oil operated approximately 3,000 miles of pipelines, eventually owning ninety percent of the nation’s pipelines. Although transcontinental railroads were an available alternative, pipelines were cheaper, reduced handling and storage fees, and were more efficient. The fact that modern oil companies invest hundreds of millions of dollars into speculating for sustainable natural oil deposits implies that such deposits are rare and hard to identify with a passing glance. If the spurts of oil proved to be isolated incidents, the capital invested in building pipelines and reestablishing a monopoly would have been squandered.
In 1958 Alberta gas finally reached Toronto and imports of Texas gas ended. Canada 's population was booming during the 1950s, and energy scarcities were becoming challenging. Canadian company TransCanada Pipelines Ltd. was incorporated in 1951 to undertake the creation of a natural gas pipeline across Canada. The financing of the project was split 50-50 between American and Canadian interests. This was a substantial operation in Canada because extra work was temporarily available to be able to create the pipeline. Canada has now become a self-sufficient country and stopped relying so much on other countries for oil. This was the activation of not only the Alberta oil industry booming and thriving, but also a nation as a
After conducting a basic 10 year financial analysis of the company, it has become evident that even with a highly competitive market structure they are able to improve on their performance. Ranging from 2004 to 2013 financial information, the company has shown a significant increase in their sales revenue roughly $3865 million sales in 2004 to almost four time that valuing $12970 million in 2013, which was an “increase of 10.4% over the 53 week prior year” The company’s growth strategy has been to diversify its product market and make them...
Canada; known for peacekeeping, multiculturalism and having one the largest ecological footprints in the world. What is an ecological footprint? The ecological footprint is a measurement of the amount of greenhouse gases produced by the activities in a person's daily life. One main source of greenhouse gas is burning fossil fuels. That includes the gas in a person's car and the coal burned at the power plant. Scientists have concluded that humans are producing more greenhouse gases than ever before. These gases trap heat in our atmosphere, causing our planet to warm up and changing our climate. The ecological footprint, therefore, measures the amount of potential impact a person's daily life has on the environment. By reducing the amount of greenhouse gases produced by people's lifestyle, they can reduce the footprint and help slow climate change on Earth. Canadian's are starting to get accustomed to using a surplus amount of energy when it is never needed and throwing garbage on the ground because the trash can is too far away for them reach. Canadian's are also using up the little natural resources left on this planet for sustainability. Crops, oil, trees are being used so much, that there might not be enough for the future generations. Canada must realize that this is a situation that must be taken seriously and that must be executed properly by meeting the social, environmental and economical standpoints. To reduce the ecological footprint and to regain sustainability, there are many things Canadian's can do to change the current situation. Ecological footprints can be reduced by using alternative energy sources, reducing energy consumption and by using cleaner transport to reach destinations.
The oil sands have encouraged massive economic growth in Alberta. The province had suffered an economic recession however the oil sands helped produce huge profits and provide thousands of jobs. Due to the oil sands Canada has became the top top supplier of oil to the United States and this has helped strength economic ties between both countries. Over 121,500 people were employed in the oil sands in 2012.The goods, materials, and services used to construct and operate in oil sands projects, come from across Canada. For example financial services in Ontario, engineering firms in British Columbia, and steel mills in Saskatchewan. The tar sand employs 112,000 people outside the province of Alberta. It is expected that in the next few years there
“No oil pipeline can 100% guarantee a leak- or spill free operation” says Matt Clarke. Granted that, no promise can be made that will assure the water will remain clean and not negatively affect the surrounding land and people consuming the water. Clarke also discusses that almost all pipelines are made out of cheap carbon steel and sealed with protectants. They rely on the protectants rather than using a more structurally sound stainless steel, thus proving that companies are more interested in saving money than they are making a safer pipeline. Next, in the article “On Pipelines, Oil, and Risk”, Matt Clarke also states that most pipeline companies depend on their crew to clean up the mess. Yet the spill in Kalamazoo River from 2010 is still being cleaned to this day. The companies are assuring a cleanup plan for a “just in-case”, but they aren’t concluding that it could take several of years, and it’s possible that their water will never be 100%
The Keystone pipeline has caused many calamities towards the economy, sacred native sites and affected the health of the community. Although the pipeline has its flaws, some may argue that the pipeline has created countless positive aspects for everyone. The known saying is that the pipeline will create numerous jobs for unemployed citizens by former President Trump. Everyone is tbeing misinformed of the negative side effects the pipeline has created for thousands of endless native people and job offers. With that thought, there are many ways to handle the pipeline, and the community it is affecting. The physical harm taken place towards hundreds of people because they are trying to protect their land is brutal. The government has told its
“On March 23, 2005, at 1:20 pm, the BP Texas City Refinery suffered one of the worst industrial disasters in recent U.S. history. Explosions and fires killed 15 people and injured another 180, alarmed the community, and resulted in financial losses exceeding $1.5 billion.” (U.S. Chemical Safety and Hazard Investigation Board, 2007) There are many small and big decisions and oversights that led to the incident. Underneath all the specific actions or inaction is a blatant disregard for addressing safety violations and procedures that had been pointed out to BP even years before this event. The use of outdated equipment and budget cuts also contributed to the circumstances that allowed this accident to happen.
When humans discovered fire, it was misused by being used as a weapon of war and hunting against both humans and animals which led to massive destruction left by occurrences such as forest fires. When humans developed a successful method of transportation it has led to environmental set backs. For example, when horses were the primary mode of transportation, manure was left everywhere in the streets of cities which understandably, led to the cultivation of numerous diseases. When gasoline cars took a rise due to their convenience, the Earth took a horrible environmental toll and the quality of life degraded to the rising levels of greenhouse gases. It seems that with every technological advancement introduced, there are always potential set
With a coastline of over 202 000 km and over a fourth of the world’s freshwater resources, it is no wonder why Canada’s fishing industry is a huge part of its economy.1 Canada exports more than 75% of its fish to over 130 countries worldwide. Many of the 7 million people who reside on the coast depend on the ocean’s resources. In total, Canada’s entire fishing industry is worth around 5$ billion dollars a year, being one of the world’s most valuable. However, the coasts have not been treated by respect; overfishing, over consumption, and wasteful practices has deteriorated, not only the industry, but the ecosystems and fish populations. This is a huge global issue; the worldwide collapse of fisheries has been project for 2048. Slowly, as the trends continue, we will inevitably see many fish species start to disappear. In fact, the ill-treatment of species on the Canadian border has already devastated a large specie, the cod.
...rs, setting a good trend for the corporation. They also have a very low debt-to-equity ratio, indicating that they have enough equity to easily pay off any funds acquired from creditors. As a creditor I would feel safe in lending them funds for any future projects or endeavors.
Canada is the best place in the word to do business and foreign investment. According to forbes magazines Canada is the best country in G20 for business and banking system has also rated as the world 's soundest for the past six years. There are some countries in the world with a triple A rating and Canada is one of them. This provide confidence to investors to do business in Canada.