Former Conservative environment minister - Keystone XL a distraction

Ex-Conservative environment minister: Keystone XL a “distraction”

Former Conservative environment minister - Keystone XL a distraction
CIBC VP and former Conservative Environment Minister Jim Prentice (image: youtube)

CALGARY – Former Conservative cabinet minister Jim Prentice is urging Canada and the United States to look beyond the contentious and high-profile Keystone XL oil pipeline when it comes to their trade relationship.

Prentice — who handled the environment and industry files during his time in government — says the two countries have been “preoccupied by a dispute over a single pipeline.”

Prentice, now a senior executive at CIBC (TSX:CM), says “we must move beyond this distraction” and calls for a “bigger picture” and “longer term” focus.

In a speech in Calgary Thursday evening, Prentice reiterated his staunch support for the $5.4-billion project, which would enable oilsands crude to flow to Texas refineries, saying it’s in the national interest for both Canada and the United States.

Moving forward, Prentice says Canada and the U.S. must work on harmonizing national energy standards, instead of leaving it to a patchwork of state and municipal rules, many of which single out oilsands-derived fuels.

He also says the two countries should work together on environmental policies that are in their mutual interest and building the necessary infrastructure to export both oil and natural gas to international markets.

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2 thoughts on “Ex-Conservative environment minister: Keystone XL a “distraction”

  1. Not going to matter soon anyway. Tarsands oil is becoming unwanted and unprofitable in the face of falling oil prices and rising costs of production.
    Tar sands oil requires condensate in order to thin it out enough to flow through pipes, and condensate is becoming scarce and expensive. Around $140 a barrel right now.

    US refineries are becoming less interested in tar sands oil because they can make far more money refining the light oil coming out of fracking operations.
    Combine falling prices with rising costs and less interest by refineries and you understand why government is desperate to get a pipeline to the coast.

    Also, all the derailments are another indicator of desperation on the part of tar sands operations. Trains running too fast with unregulated oil in them are ways of cutting corners and it’s blowing up in their faces.

    All the while the media will continue to spout the wonderful economic recovery we’re in and how Canada is a bastion of environmental safety.

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