oil export

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Western Canada heavy crude oil is largely captive to demand by U.S. refineries that are configured to process heavy crude oil.

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On the last day of May, the government of British Columbia gave the back of its hand to Alberta and indirectly to the rest of Canada, which benefits—and could benefit more—from continued development of Alberta’s oilsands. Claiming insufficient environmental protections, the BC government rejected the proposed Northern Gateway pipeline project that would bring bitumen from Alberta’s oilsands to Kitimat, where it could be exported to markets in Asia.