Sunday, June 08, 2014

Canada Aims to Sell Its Oil Beyond U.S.

Oil Rig (Credit: Michael S. Williamson / The Washington Post via Getty Images) Click to enlarge.
Producers Want to Diversify but Are Stymied by Poor Access to Ocean Ports.

The [Canadian] federal government says Canada is doing a good job of monitoring the environmental impact of oil sands—but needs to find new markets.

Calgary MP Michelle Rempel spoke to delegates at the Oil Sands and Heavy Oil Technologies conference on Wednesday, saying Canada is leading the world in the application of innovative technology.

However, she stressed that Canada needs to look beyond the U.S. to sell its oil.

“I think to say that we’re at a pivotal moment in the growth of this industry is probably a bit of an understatement,” Rempel said.  “We are blessed with an enormous endowment of natural resources on the energy side, but we’re largely tied to one customer.

“And no matter what industry you’re in, that’s not a good thing.”

Canada Aims to Sell Its Oil Beyond U.S.

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