Barack Obama Bad for Canada Too

Obama’s Vow Could Threaten Industry

– Barack Obama on Tuesday vowed he would break America’s addiction to “dirty, dwindling and dangerously expensive” oil if he is elected U.S. president — and one of his first targets might well be Canada’s oilsands.

A senior adviser to Obama’s campaign told reporters it’s an “open question” whether oil produced from northern Alberta’s oilsands fits with the Democratic candidate’s plan to shift the U.S. sharply away from consumption of carbon-intensive fossil fuels.

“If it turns out that those technologies don’t advance … and the only way to produce those resources would be at a significant penalty to climate change, then we don’t believe that those resources are going to be part of the long-term, are going to play a growing role in the long-term future,” said Jason Grumet, Obama’s senior energy adviser.
The remarks amount to a shot across the bow of Alberta’s oilsands industry, which is planning to boost production from 1.3 million barrels a day to 3.5 million barrels over the next decade.

The industry has come under sustained attack from U.S. environmentalists over the past year because the production of its heavy oil emits an estimated three times more greenhouse gases than conventional oil.

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