Toro
Diamond Member
An attempt to classify tar sands oil as more environmentally-damaging than conventional oil would effectively ban its sale within European Member States
The European Union is moving to prevent tar sands oil from entering the European market due to the greenhouse gas emissions (GHG) associated with its production.
Oil from the tar sands industry is set to be classified as having greater GHG emissions than conventional oil in a review of the European Unions Fuel Quality Directive. Recognising the greater environmental impact of tar sands oil will effectively ban its use in EU states, where fuel providers are legally bound to aim for 6 per cent reductions in GHG emissions by 2020.
This is a staggering blow to Canada's petroleum industry. Since Europe imports approximately 0% of all of Canada's oil, it is unlikely the Canadian economy will survive!
Europe moves to ban imports of tar sands oil from Canada - News - The Ecologist