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EU executive thwarts Canada lobby on tar sand oil

2013-01-30 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Canada's urgent hunt for buyers for its oil is being thwarted as the European Commission sticks to a plan to label fuel from tar sands deposits as highly polluting, deterring refiners bound by environmental rules. Intense pressure from Canada, seeking new markets to compensate for dwindling U.S. buying and discounted sales, has not convinced the EU executive to abandon its proposal to brand tar sands oil as more carbon-intensive than conventional crude. "The Commission stands by its proposal,"...

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