Canada Wonders Why Crude Oil Is Coming From Texas
By Peter Coy
Western Canada is producing more crude oil than it knows what to do with. So guess where Eastern Canada is going to get crude oil from this summer? By ship from Texas.
Thomas Mulcair, the leader of Canada’s official opposition, brought up the coals-to-Newcastle story in a visit to Bloomberg on Thursday. He blamed the government of Conservative Prime Minister Stephen Harper for botching efforts to bring oil across Canada to where it’s needed.
Canadians are resisting pipeline projects because they don’t trust the government and the pipeline companies to follow the environmental review process to the letter, Mulcair said. Enbridge (ENB) wants to reverse the flow of a pipeline called Line 9 so oil can flow from Ontario through Quebec, but Mulcair said: “There’s no credible process. That’s the Conservatives’ fault.”
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