The relationship between Oil sands and future pensions in Europe

The reason for the discussion on tar sands is that Norway’s Statoil is going to invest huge amounts into the tar sands and Swedish pension funds are investors in Statoil. My task was to describe the role of Canada’s tar sands in the global energy system and to discuss the significance of tar sands for global energy supply. Very roughly speaking, one can say that the oil that was formed millions of years ago can be divided into three fractions,