Canada Threatens Trade War with EU over Tar Sands
(The Guardian – Damian Carrington)
The row over the EU’s plan to label tar sands oil as highly polluting escalates as Canada says it ‘will not hesitate to defend its interests’
Canada has threatened a trade war with European Union over the bloc’s plan to label oil from Alberta’s vast tar sands as highly polluting, the Guardian can reveal, before a key vote in Brussels on 23 February.
“Canada will not hesitate to defend its interests, including at the World Trade Organisation,” state letters sent to European commissioners by Canada’s ambassador to the EU and its oil minister, released under freedom of information laws.
The move is a significant escalation of the row over the EU’s plans, which Canada fears would set a global precedent and derail its ability to exploit its tar sands, which are the biggest fossil fuel reserve in the world after Saudi Arabia. Environmental groups argue that exploitation of the tar sands, also called oil sands, is catastrophic for the global climate, as well as causing serious air and water pollution in Alberta. Read more here.
Date: February 22, 2012