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 â€” who handled the environment and industry files during his time in government â€” 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.
Read more Business News
- Rutland park vote reduxKelowna
- Did a terrorist run over soldiers?Canada - 5:39 am
- Family condemns RCMP BC
- Wrap it up, shrink it upKelowna - 7:30 am
|QHR Technologies Inc||1.15||+0.03|
|Anavex Life Sciences||0.191||0.00|
|Copper Mountain Mining||2.16||+0.17|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.48||+0.03|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...