Comments on: Ormat's Opti Takes On Oil Sands In Alberta, A Dirty Deed For The Company's "Clean" Image http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/ A sustainable news site on the Middle East Mon, 13 Feb 2012 17:51:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Can Israeli Oil Shale Outsize Saudi Arabia? | Green Prophet http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/#comment-19849 Can Israeli Oil Shale Outsize Saudi Arabia? | Green Prophet Thu, 07 Jul 2011 09:08:04 +0000 http://www.greenprophet.com/?p=12392#comment-19849 [...] environmentally friendly. This has been already found out in locations like Alberta Canada, where Israeli geothermal energy company Ormat Industries teamed up with Canadian company Opti Canada Inc. to extract oil from shale-like tar sands by using high pressure [...] [...] environmentally friendly. This has been already found out in locations like Alberta Canada, where Israeli geothermal energy company Ormat Industries teamed up with Canadian company Opti Canada Inc. to extract oil from shale-like tar sands by using high pressure [...]

]]> By: Karin Kloosterman http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/#comment-4286 Karin Kloosterman Sun, 13 Dec 2009 13:22:35 +0000 http://www.greenprophet.com/?p=12392#comment-4286 I wonder why more people and companies aren't putting the pressure on Canada, and are blaming OPEC countries for interfering with climate change negotiations at Copenhagen. Canada has to pay the piper. I don't think it should be getting away with exploiting the Alberta tar sands. I wonder why more people and companies aren't putting the pressure on Canada, and are blaming OPEC countries for interfering with climate change negotiations at Copenhagen. Canada has to pay the piper. I don't think it should be getting away with exploiting the Alberta tar sands.

]]> By: Karin Kloosterman http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/#comment-4275 Karin Kloosterman Sun, 13 Dec 2009 11:22:35 +0000 http://www.greenprophet.com/?p=12392#comment-4275 I wonder why more people and companies aren't putting the pressure on Canada, and are blaming OPEC countries for interfering with climate change negotiations at Copenhagen. Canada has to pay the piper. I don't think it should be getting away with exploiting the Alberta tar sands. I wonder why more people and companies aren't putting the pressure on Canada, and are blaming OPEC countries for interfering with climate change negotiations at Copenhagen. Canada has to pay the piper. I don't think it should be getting away with exploiting the Alberta tar sands.

]]> By: Karin Kloosterman http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/#comment-4274 Karin Kloosterman Sun, 13 Dec 2009 04:22:35 +0000 http://www.greenprophet.com/?p=12392#comment-4274 I wonder why more people and companies aren't putting the pressure on Canada, and are blaming OPEC countries for interfering with climate change negotiations at Copenhagen. Canada has to pay the piper. I don't think it should be getting away with exploiting the Alberta tar sands. I wonder why more people and companies aren't putting the pressure on Canada, and are blaming OPEC countries for interfering with climate change negotiations at Copenhagen. Canada has to pay the piper. I don't think it should be getting away with exploiting the Alberta tar sands.

]]> By: Jeremy Heigh http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/#comment-4276 Jeremy Heigh Fri, 09 Oct 2009 16:36:06 +0000 http://www.greenprophet.com/?p=12392#comment-4276 Cleaning Alberta--Israel's Ormat Opti to clean oil-sands or blackened its own image? http://ow.ly/tCiL #Alberta #gaer #yeg Cleaning Alberta–Israel's Ormat Opti to clean oil-sands or blackened its own image? http://ow.ly/tCiL #Alberta #gaer #yeg

]]> By: When Oil Or “Texas Tea” Was Good For Us | Green Prophet http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/#comment-4273 When Oil Or “Texas Tea” Was Good For Us | Green Prophet Wed, 07 Oct 2009 06:46:05 +0000 http://www.greenprophet.com/?p=12392#comment-4273 [...] to global warming and climate change. This is especially true in respect to my last article where I tried to bring to light the “downside” of trying to produce high grade petroleum from oil sands located deep beneath the ground in a place [...] [...] to global warming and climate change. This is especially true in respect to my last article where I tried to bring to light the “downside” of trying to produce high grade petroleum from oil sands located deep beneath the ground in a place [...]

]]> By: Karin Kloosterman http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/#comment-4272 Karin Kloosterman Tue, 06 Oct 2009 10:14:18 +0000 http://www.greenprophet.com/?p=12392#comment-4272 China's coal-fired stations least efficient in the world: http://www.timesonline.co.uk/tol/news/environment/article6845107.ece For every coal plant America shuts down, China opens 20. I don't think you will find a sane environmentalist anywhere that says the Canada tar sands are a good idea and that there is a clean way for extracting the oil. China’s coal-fired stations least efficient in the world:
http://www.timesonline.co.uk/tol/news/environment/article6845107.ece

For every coal plant America shuts down, China opens 20.

I don’t think you will find a sane environmentalist anywhere that says the Canada tar sands are a good idea and that there is a clean way for extracting the oil.

]]> By: Karin Kloosterman http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/#comment-4271 Karin Kloosterman Tue, 06 Oct 2009 10:08:48 +0000 http://www.greenprophet.com/?p=12392#comment-4271 Jason, Says here Ormat is a major shareholder, unless something has changed: Financial Post May 19: When launched in 2001, the company introduced some of the biggest innovations in the business: It would be the largest oil sands project using steam-assisted gravity drainage technology, rather than strip mining, reducing its impact on the land; it would create synthetic gas by using bitumen waste, eliminating the need to burn natural gas; it would use brackish water that is 95% recycled rather than river water, addressing concerns about excessive water use in northern Alberta by the oil sands industry; it would upgrade its bitumen at a lower cost using a new process, funded by Israel-based Ormat Technologies Inc., still a major shareholder. Read more: http://www.financialpost.com/story.html?id=1609891#ixzz0T9GkocPp Recent spikes in Opti's stock comes from rumors that a Chinese firm is looking to purchase Opti which had been causing cash hemorrhages in Ormat (http://uk.reuters.com/article/idUKLC17469820090112). This report cites $48 million. So if Ormat does not have a big stake in Opti who does? China with its hand in the oil sands pot really scares the hell out of me. For them coal is the new oil. http://www.google.com/hostednews/canadianpress/article/ALeqM5iWOom3gmGo6HpQgNox3cW3PCGdFA Jason,

Says here Ormat is a major shareholder, unless something has changed:

Financial Post May 19:

When launched in 2001, the company introduced some of the biggest innovations in the business: It would be the largest oil sands project using steam-assisted gravity drainage technology, rather than strip mining, reducing its impact on the land; it would create synthetic gas by using bitumen waste, eliminating the need to burn natural gas; it would use brackish water that is 95% recycled rather than river water, addressing concerns about excessive water use in northern Alberta by the oil sands industry; it would upgrade its bitumen at a lower cost using a new process, funded by Israel-based Ormat Technologies Inc., still a major shareholder.

Read more: http://www.financialpost.com/story.html?id=1609891#ixzz0T9GkocPp

Recent spikes in Opti’s stock comes from rumors that a Chinese firm is looking to purchase Opti which had been causing cash hemorrhages in Ormat (http://uk.reuters.com/article/idUKLC17469820090112). This report cites $48 million. So if Ormat does not have a big stake in Opti who does?

China with its hand in the oil sands pot really scares the hell out of me. For them coal is the new oil.

http://www.google.com/hostednews/canadianpress/article/ALeqM5iWOom3gmGo6HpQgNox3cW3PCGdFA

]]> By: KenderSolar http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/#comment-4277 KenderSolar Mon, 05 Oct 2009 22:02:19 +0000 http://www.greenprophet.com/?p=12392#comment-4277 Ormat joins Opti in project to extract & produce high grade of petroleum from oil sands located in Alberta- http://is.gd/3YjWv Ormat joins Opti in project to extract & produce high grade of petroleum from oil sands located in Alberta- http://is.gd/3YjWv

]]> By: Jason http://www.greenprophet.com/2009/10/ormat-opti-canada-tar-sands-alberta/#comment-4270 Jason Mon, 05 Oct 2009 21:26:10 +0000 http://www.greenprophet.com/?p=12392#comment-4270 Karin, I reiterate that Opti Canada is a publicly traded company and has not been owned by ORMAT for quite some time. You may want to check the date of your source document. Ownership of a company is subject to change over time - a statement which is certaintly true with respect to Opti. You will note that the corporate profile is currently as follows and contains no reference to ORMAT: "OPTI Canada Inc. is a Calgary, Alberta-based company, established in 1999 to develop major integrated bitumen and heavy oil projects in Canada using its proprietary, next-generation OrCrude™ process. OPTI is focused on developing the fourth and next major integrated oil sands project in Canada, Phase 1 of the Long Lake Project (the Project), in a joint venture with Nexen Inc. in which OPTI has a 35 percent working interest." Karin,

I reiterate that Opti Canada is a publicly traded company and has not been owned by ORMAT for quite some time. You may want to check the date of your source document. Ownership of a company is subject to change over time – a statement which is certaintly true with respect to Opti.

You will note that the corporate profile is currently as follows and contains no reference to ORMAT:

“OPTI Canada Inc. is a Calgary, Alberta-based company, established in 1999 to develop major integrated bitumen and heavy oil projects in Canada using its proprietary, next-generation OrCrude™ process. OPTI is focused on developing the fourth and next major integrated oil sands project in Canada, Phase 1 of the Long Lake Project (the Project), in a joint venture with Nexen Inc. in which OPTI has a 35 percent working interest.”

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