Wednesday, September 17th20.6°C
23373
22924

Prentice: Canada, U.S. must move beyond Keystone XL "distraction"

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.

The Canadian Press


Read more Business News

23438


Recent Trending




Today's Market
S&P TSX15458.88-51.66
S&P CDNX972.51-3.19
DJIA17156.8524.88
Nasdaq4562.189+9.43
S&P 5002001.57+2.59
CDN Dollar0.9075-0.0002
Gold1219.60-16.30
Oil93.86-0.56
Lumber349.00+1.00
Natural Gas4.066-0.011

 
Okanagan Companies
Pacific Safety0.165-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.05
Cantex0.06-0.01
Anavex Life Sciences0.2361-0.0139
Metalex Ventures0.060.00
Russel Metals36.37+0.42
Copper Mountain Mining2.73+0.04
Colorado Resources0.17+0.01
ReliaBrand Inc0.027+0.003
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



22970

FEATURED Property
19446382226 hayman rd.
3 bedrooms 3 baths
$415,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...


Brangelina and Celebrity vs Philanthropy

This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...

_








Member of BC Press Council


22755