{"id":430602,"date":"2010-03-15T10:34:50","date_gmt":"2010-03-15T14:34:50","guid":{"rendered":"http:\/\/www.businessinsider.com\/cost-of-extracting-canadian-tar-sands-oil-could-turn-all-of-europes-cars-electric-2010-3"},"modified":"2010-03-15T10:34:50","modified_gmt":"2010-03-15T14:34:50","slug":"cost-of-extracting-canadian-tar-sands-oil-could-turn-all-of-europes-cars-electric","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/430602","title":{"rendered":"Cost Of Extracting Canadian Tar Sands Oil Could Turn All Of Europe’s Cars Electric"},"content":{"rendered":"

\"Shale<\/p>\n

Canadian shale oil projects are being attacked over their cost inefficiency compared to what could be major environmentally positive energy investments, according to The Guardian<\/a>.<\/p>\n

The Albian Sands project, which will cost 250 billion pounds ($380 billion), will see Shell, Chevron, and Marathon<\/a> benefit from the production of crude oil, which will eventually go to market.<\/p>\n

Opponents are arguing<\/a> that the money could better be used to fund a European wide electric car scheme and Saharan solar panels to turn Europe carbon-neutral.<\/p>\n

But with 4 million barrels of oil a day<\/a> set to be produced by this shale oil tar sands investment by 2025, pulling out seems unlikely for major oil manufacturers.<\/p>\n

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