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London, U.K. — The Honourable Joe Oliver, Canada’s Minister of Natural Resources, today delivered keynote remarks at the Canada Europe Energy Summit in London highlighting Canada as a stable, secure and responsible supplier of energy to the global market. Minister Oliver also encouraged cooperation on effective, meaningful, science-based environmental measures.
“Canada is a reliable and environmentally responsible energy producer that can make an important contribution to energy security in Europe and globally,” said Minister Oliver. “We are committed to working with our partners in the European Union to strengthen global energy markets and ensure strong stewardship of the environment.”
Minister Oliver discussed Canada’s position on the proposed European Union Fuel Quality Directive (FQD), reaffirming its concern that the FQD’s current approach is unscientific, unfairly discriminates against Canadian oil sands crude and will not achieve Europe’s environmental goals. A new study conducted by ICF International, one of the European Commission’s own expert consultants, substantiates Canada’s position.
“Canada supports the EU Commission's objective of reducing greenhouse gas emissions for transportation fuels but believes it must be based on science and facts,” said Minister Oliver. “Unfortunately, the FQD, as currently drafted, is unscientific and discriminatory, would discourage disclosure, harm the European refinery industry and not achieve its environmental objective.”
The Government of Canada believes in balancing economic prosperity with environmental protection. From 2005 to 2011, Canada’s GHG emissions have decreased by 4.8% while the economy has grown 8.4%. A total of 63% of Canada’s electricity is produced from renewable sources — the highest percentage in the G8. Greenhouse gas emissions per barrel of production in the oil sands have been reduced by 26 percent between 1990 and 2011.
In addition, Canada is demonstrating global leadership through its commitment to the environment. Measures taken to date include being the first major coal user to ban the construction of new coal-fired electricity plants using traditional technology, reducing emissions from the transportation sector through regulations on light-duty and heavy-duty vehicles, and investing $10 billion since 2006 in science and technology to support clean energy.
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