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Canadian Tar Sands Poised to Flood European Market As U.S. Considers Lifting Oil Export Ban

2014-02-07 15:49:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: Recent developments in Europe and the U.S. are setting the groundwork for a surge in Canadian tar sands production. In both regions, government leaders are considering proposals that would loosen import and export regulations for the fuel, which has been estimated to produce 23 percent more greenhouse gases than conventional oil. The European Commission is currently grappling with the future of the Fuel Quality Directive (FQD), a 2009 order that requires a six percent reduction in the greenhouse...

Tags: market export oil european

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