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Alberta considers emissions rules to win support for oil sector

  • Alberta looks likely to implement energy efficiency measures when it revamps its climate-change policy to win support for its oil sector, an about-face on the former premier’s vow that the province wouldn’t enact new rules until the U.S. did.
  • The province plans to have new regulations on emissions in the near future and may include a higher carbon price, Alberta's environment minister says.
  • The struggle by Alberta’s oil producers for access to new markets, as reflected in U.S. delays in approving the Keystone XL (NYSE:TRP) pipeline, comes amid opposition to oil sands bitumen because of its higher carbon intensity and concerns around air and water pollution.
  • Relevant companies include ECA, ENB, EEP, STO, XOM, IMO, SU, CVE, PGH, BP, CNQ, BTE, DVN, IVAN, AAV-OLD, RDS.A, RDS.B, PTR, OTCPK:ATHOF

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