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RIP ratio
Ratio of the reserves of a resource to its production, indicating how long the reserves will last
Fracking
A technique used to extract oil and gas from rock formations by injecting fluid at high pressure.
Bitumen
A heavy crude oil mixed with sand and clay, predominantly found in Alberta.
Non-renewable resources
Resources that cannot be replenished once used, like fossil fuels.
Hydraulic fracturing
The process and technology involved in "fracking," specifically aimed at releasing natural gas.
Renewable resources
Resources that can be replenished or regenerated over time, like wind or solar power.
Tar sands
Another name for oil sands, used depending on one's view of the industry.
Peak demand
The highest amount of electricity demand observed over a specific period.
Carbon emissions
Gases released into the atmosphere as a result of burning fossil fuels.
Geologic trap
An underground feature that prevents the movement of oil and gas, allowing for their accumulation.
Boreal forest
Areas rich in natural features that are increasingly targeted for oil extraction, impacting the environment.
NIMBY
The acronym for "Not In My Back Yard," a term describing opposition to local development or change.
Reclamation
Natural recovery and restoration of an area disturbed by industrial activity.
Energy conservation
Actions designed to reduce the consumption of energy.
GIS
Technology used to analyze geographical and spatial data.