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The industry contributes to economic growth and job creation, in some countries to a very great extent. Coal usage accounts for approximately 29 percent of world energy consumption. Evelyn Dietsche advises BG Group on sustainability and broader licence-to-operate issues and has previously worked with the company in the role of sustainable development manager. If oil sands oil eventually finds an easy outlet to the Gulf Coast—perhaps through the proposed Keystone XL pipeline project—the price for upgraded synthetic oil will likely rise to reflect the world market value, currently $110 per barrel.

Pages: 35

Publisher: Intl Monetary Fund (April 30, 2008)

ISBN: 1589067185

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