Technology seen key to oil sands: Chu

WASHINGTON (Reuters) – U.S. Energy Secretary Steven Chu said on Monday he believes technology can solve environmental problems associated with Canada’s oil sands and that the huge nearby resource contributes to U.S. energy security.

Chu told the Reuters Global Energy Summit that the balance between the environmental impact from the huge energy resource in northern Alberta and its importance to U.S. energy supply is a complicated one that will require solutions from the industry.

Environmental groups have mounted major campaigns to get the message out to Americans that the expansion of Canada’s oil sands industry threatens to intensify global warming, deforestation and damage to water resources.

Reuters