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Keyword: albertaoilsands

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  • Oil Sands Boom Dries Up in Alberta, Taking Thousands of Jobs With it

    10/13/2015 6:58:56 AM PDT · by Lorianne · 22 replies
    New York Times ^ | 12 October 2015 | Ian Austen
    FORT McMURRAY, Alberta — At a camp for oil workers here, a collection of 16 three-story buildings that once housed 2,000 workers sits empty. A parking lot at a neighboring camp is now dotted with abandoned cars. With oil prices falling precipitously, capital-intensive projects rooted in the heavy crude mined from Alberta’s oil sands are losing money, contributing to the loss of about 35,000 energy industry jobs across the province. Despite a severe economic downturn in a region whose growth once seemed limitless, many energy companies have too much invested in the oil sands to slow down or turn off...