GOLDEN PLAIN PROJECTS
Canshale Corp.’s “Golden Plain Project” totals approximately 52,000 hectares near the town of Hudson Bay, Saskatchewan and encompasses an abundance of oil shale—an organically rich sedimentary rock from which liquid hydrocarbons can be obtained. Golden Plain North comprises ~20,000 hectares, while Golden Plain South encompasses ~20,000 hectares, and Golden Plain East comprises ~12,000 hectares. Independently prepared estimates of recoverable volumes of petroleum resources, measuring in the billions of barrels of contingent resources (best estimate) have been made.
A broad future focus is essential to assess the long-term viability and sustainability of energy projects. The future use of fossil fuel is increasingly being questioned amid a growing concern over carbon emissions.
In a world expected to grow to 9 billion people by 2040, global energy demand will increase by 25%, led by the needs of those countries with rising populations and living standards. It will take more than increasing energy efficiency to meet these global demands. Even with new technologies providing new energy options, by 2040, oil will supply 1/3 of the world’s energy and will remain the world’s largest energy source. (EXXON 2016 Outlook for Energy)
A reasoned view of the future recognizes that fossil fuel use will continue to grow, even with reduced energy use per unit of economic output. Therefore, large-scale energy projects offering sustainability and economic feasibility, such as Canshale’s Golden Plain Project, will be preferred.
The Golden Plain Projects set a new standard for stewardship, addressing the environment in four critical ways:
- Projects are located on prairie farmland, outside the most productive agricultural areas, neither threatening nor affecting Canada’s boreal forests;
- Mining operations are based on relatively small pits using efficient continuous mining. Reclamation to productive farmland is expected to occur well within 7 years of initial opening;
- Processes are used that are energy self-sufficient, using produced natural gas and neither consuming water nor creating toxic tailings ponds. By design, they can easily adopt improving technologies to further lessen impacts; and
- By-products offering environmental benefits include industrial absorbents for emission control and water treatment, soil enhancers and rejuvenators and building materials.