Canadian Oil Sands Limited, is a publically traded, Canadian company, which earns money through investing in oil sands. It generates money by funding in Syncrude Joint Venture (a company that extracts and manufactures oil from oil sands). COS Ltd. was created in 1978, by PanCanadian Petroleum (currently known as Encana). Presently Canadian Oil Sands is being led by Ryan M. Kubik (the CEO), who also happens to be the director and chair board of Syncrude Joint Venture. Canadian Oil Sands used to be a very successful company in the time period of 2000 – 2006, even having stocks cost up to $120, but alas their time in fame came shortly to a halt. Around mid 2006, Canadian Oil Sands had dropped drastically in stock prices, and their net income kept
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Firstly, a very common and basic solution could be supporting/ donating money to environmental charities and foundations, so that even if they aren’t capable of controlling the pollution or deforestation at least others would be helping the environment. This solution would also advertise a generous and eco-friendly reputation, but it would cost a lot of money and their company’s main purpose (exporting oil, which damages the environment) still wouldn’t change. Secondly, the only way they can become a more “eco-friendly” company is to change Syncrude mining practices. Negotiating a deal with Syncrude, which requires Syncrude to return all their mines back to their original scenery after they are done using it if Canadian Oil Sands agrees to buy 40% of their shares. This deal is a quite considerable solution as not only is this quintessential for the environment but it will also help Canadian Oil Sands in the future as as their investment can pay off extremely well. Lastly, considering the damage their deal with Syncrude is doing to the environment and how defectively their company is running, selling the company might be a great, although a bit extreme solution. Suncor Energy Inc. has made a bid to buy Canadian Oil Sands, and are offering $4.3billion. They not only have a perfect opportunity but also a great price for their company, although even after being bought by Syncrude they could still be causing damage to the environment. Finding a solution for this specific problem isn’t quite tough in this day and age, but the expense it will cost to fulfill the idea is what really troubles
Firstly, a very common and basic solution could be supporting/ donating money to environmental charities and foundations, so that even if they aren’t capable of controlling the pollution or deforestation at least others would be helping the environment. This solution would also advertise a generous and eco-friendly reputation, but it would cost a lot of money and their company’s main purpose (exporting oil, which damages the environment) still wouldn’t change. Secondly, the only way they can become a more “eco-friendly” company is to change Syncrude mining practices. Negotiating a deal with Syncrude, which requires Syncrude to return all their mines back to their original scenery after they are done using it if Canadian Oil Sands agrees to buy 40% of their shares. This deal is a quite considerable solution as not only is this quintessential for the environment but it will also help Canadian Oil Sands in the future as as their investment can pay off extremely well. Lastly, considering the damage their deal with Syncrude is doing to the environment and how defectively their company is running, selling the company might be a great, although a bit extreme solution. Suncor Energy Inc. has made a bid to buy Canadian Oil Sands, and are offering $4.3billion. They not only have a perfect opportunity but also a great price for their company, although even after being bought by Syncrude they could still be causing damage to the environment. Finding a solution for this specific problem isn’t quite tough in this day and age, but the expense it will cost to fulfill the idea is what really troubles