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    Industry welcomes EU move to delay decision on oilsands

    By The Canadian Press | Associated Press – Thu, Feb 23, 2012

    Industry is welcoming a move by the European Union to delay a decision that would have labelled fuel derived from the oilsands as worse for climate change than conventional crude.

    Travis Davies of the Canadian Association of Petroleum Producers in Calgary says the proposed rule would have penalized oilsands-derived fuel and not other sources with similar greenhouse gas emissions.

    He says industry wants to see all fuel sources compete on a level playing field.

    Davies adds the industry will continue to oppose the measure as it goes before the Council of Europe, which is expected to rule on it in June.

    Federal Natural Resources Minister Joe Oliver is also welcoming the results of the EU vote.

    But environmental groups are pledging to keep up their fight for the plan and blame the vote's outcome on heavy lobbying by the Canadian government and oil companies.

     

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