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    market news

    EU Withdraws Proposal to Label Alberta Oil ‘Dirty’

    Teresa Matich
    Jun. 11, 2014 11:52AM PST
    Oil and Gas Investing

    Mining.com reported today that the European Union has withdrawn a proposal to stick Canada’s oil sands with a ‘dirty’ label. The change of heart opens Europe up to being supplied by Alberta oil, according to Mining.com.

    Mining.com reported today that the European Union has withdrawn a proposal to stick Canada’s oil sands with a ‘dirty’ label. The change of heart opens Europe up to being supplied by Alberta oil, according to Mining.com.

    As quoted in the publication:

    As the old continent’s worries over its dependence on Russian energy imports increases, EU members are softening their stance on Canada’s oil sands. Last year, they said that Alberta’s oil was the source of highly polluting gasoline — something like 23% more than the one derived from conventional crude.

    Click here to read the full Mining.com article.

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