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Trudeau’s meeting with oil patch "encouraging" but no promises on pipelines

Feb. 04, 2016 2:56 PM ETSuncor Energy Inc. (SU) Stock, SU:CA StockOVV, SU, SHEL, IMO, CNQ, HUSKF, CVEBy: Carl Surran, SA News Editor12 Comments
  • Suncor Energy (NYSE:SU) CEO Steve Williams says a meeting today between major players in Canada’s oil patch and PM Trudeau was encouraging but included no assurances on pipeline approvals.
  • Trudeau has pledged to seek greater global market access for Alberta’s oil sands crude so long as it can be done in an environmentally sustainable manner; the federal government's move last week to require an assessment of new pipelines’ impact on Canada’s greenhouse gas emissions and Native American communities was viewed as a setback by much of the oil industry.
  • Also included in the discussion were senior officials from Royal Dutch Shell (RDS.A, [[RDS.B), Husky Energy (OTCPK:HUSKF), Cenovus Energy (NYSE:CVE), Canadian Natural Resources (NYSE:CNQ), Imperial Oil (NYSEMKT:IMO) and Encana (NYSE:ECA).

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