GOLDEN PLAIN PROJECTS
Canshale Corp.’s “Golden Plain Projects” total 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 resource, best estimate.
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 dramatically, 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. The EIA expects world energy consumption to increase by 28% between 2015 and 2040. Despite anticipating a decline in market share of liquid energy products (from 33% to 31% of global energy use), the EIA forecast indicates a substantial increase in productive capacity will be required to meet this increasing demand. The EIA also indicated it expects that 21 MBBL/day of new replacement production will be needed by 2025 just to maintain current production levels. In-excess of 1 Trillion dollars of new investment in hydrocarbons will be required prior to 2025.
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 small footprints using efficient continuous mining methods. Short cycle reclamation is expected to return the lands to productive farmland well within 7 years of initial disturbance;
- Our unique process design is premised on:
- Energy self sufficiency
- Little-to-no water consumption
- Little-to-no emissions - including CO2
- No tailings ponds
- By-products include absorbents for emission control and water treatment, soil enhancers and fertilizers, building materials and clean electrical power.