Technology holds the key to responsible oil sands development

From early oil sands development to tomorrow's breakthrough technologies, research and innovation are opening new opportunities and improving environmental performance

Highlights from the winter 2010 issue of The Review include:

• Imperial's head of oil sands development and research discusses oil sands issues with science communicators at the Banff Centre
• Some of Imperial's most prolific inventors talk about their inspirations and successes
• A look back at Imperial's history of research and innovation

CALGARY, Nov. 24 /CNW/ - In the latest issue of Imperial Oil's magazine, The Review, Bruce March, Imperial Oil chairman, president and chief executive officer, says that industry, governments and academia must increase their investment and collaboration in oil sands research in order to address oil sands challenges and restore public confidence.

Technology has proven to be instrumental in reducing energy consumption and greenhouse gas emissions from oil sands production, says March. Because of this, there should be a greater focus on collaboration and research.

"Additional and continuous investment is needed in order to bring the best technology to bear on the challenges facing oil sands development," he says. "My hope is that our greatest contribution to the Canadian energy industry will be to inspire confidence in Canadians that this huge natural resource can be developed in an environmentally responsible and economically sound manner."

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Imperial Oil is one of Canada's largest corporations and a leading member of the country's petroleum industry. It is one of the country's largest producers of crude oil and natural gas, is the largest petroleum refiner, and has a leading market share in petroleum products sold through a coast-to-coast supply network that includes about 1,850 service stations.

For further information:

Catherine Teasdale
Editor, The Review
403-237-2710