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Obama's Rejection of Pipeline Prompts Canada to Sell Oil Overseas...
President Barack Obamas decision yesterday to reject a permit for TransCanada Corp.s Keystone XL oil pipeline may prompt Canada to turn to China for oil exports. Prime Minister Stephen Harper, in a telephone call yesterday, told Obama Canada will continue to work to diversify its energy exports, according to details provided by Harpers office. Canadian Natural Resource Minister Joe Oliver said relying less on the U.S. would help strengthen the countrys financial security. The decision by the Obama administration underlines the importance of diversifying and expanding our markets, including the growing Asian market, Oliver told reporters in Ottawa. Posted by: Slereling Angesh7135 2012-01-20 |
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