HOUSTON, TEXAS -- (Marketwire) -- 03/06/13 -- The Honourable Joe Oliver, Canada's Minister of Natural Resources, today met with workers at the LyondellBasell Houston refinery and delivered remarks on the economic benefits to the United States resulting from the importation of Canadian oil sands crude. On the day of the visit, the refinery processed approximately 60,000 barrels of Canadian crude oil.
"Canada is the largest supplier of oil to the United States," said Minister Oliver. "Production of Canadian crude is supporting America's energy security and creating jobs on both sides of the border."
The oil sands generate jobs and economic prosperity both in Canada and in the United States. Currently, oil sands production supports 63,000 American jobs per year. With expansion through Keystone and other projects, the oil sands will support tens of thousands more on both sides of the border.
"Even with growing oil production, the U.S. will need to import oil for decades to come," said Minister Oliver. "Importing Canadian crude would help meet that demand while virtually eliminating the U.S.'s reliance on other less stable and less environmentally responsible sources of supply."
Canada has a record of sound environmental stewardship, with oil sands greenhouse gas (GHG) emissions per barrel decreasing by 26 percent from 1990 to 2010. In 2010, the oil sands accounted for only 0.1 percent of global GHG emissions, or less than half of the emissions originating from coal-fired electrical plants in Illinois.
"We have committed to the same economy-wide 17 percent GHG reduction target as the U.S.," said Minister Oliver. "In some areas we are doing more than anyone else. Coal is the largest source of GHG emissions in the world, and Canada is the only country with regulations to phase out traditional coal-fired electricity."
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