1. Oil sands and Sustainability Oil Sands Delegation October 21, 2015

2. Where is Canada as a producer? Source: EIA

3. Canadian production

4. Oil sands production

5. Oil sands history Source: IHS Why the Oil Sands?, July 2015

6. WTI Futures

7. Oil sands breakeven costs

8. Opportunities and Challenges Continued oil sands growth Sustaining capital Cost competitiveness Public acceptance Environmental concerns Market access High cost production Cost escalation Labour

9. Collaboration and new technologies COSIA Solvent – Cenovus and others NSOLV - warm solvent vapour

10. GHGs

11. Global reserves Source: IHS Why the oil sands? July 2015