(Oil Price) Despite efforts from Canada’s Prime Minister Justin Trudeau to move away from tar sands – long hailed as the world's most destructive oil operation – Alberta, the country’s largest oil-producing region, is pushing to open new energy corridors with the U.S. to export its fossil fuels. As the global demand for oil and gas continues, and countries look closer to home to secure their energy needs, Alberta believes it can promote its tar sands as a means of providing the energy needed until enough green alternatives are being produced to meet the rising global energy demand.
The government of Alberta is, as always, backing the state’s oil industry in a big way with plans to establish economic corridors to the coast of Canada and Alaska. This is expected to allow the state to circumvent regulatory restrictions to transporting oil through new pipelines, helping Alberta to export its crude. ---More...
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