The Canadian Association of Petroleum Producers (CAPP) is disappointed with the Government of Canada's introduction of Bill C-48, the proposed Oil Tanker Moratorium - designed to establish a moratorium on tanker traffic carrying crude oil and other petroleum products along British Columbia's North Coast.
The proposed moratorium could significantly impair Canada's oil and natural gas resources from reaching new markets and ensuring Canadians receive fair market value for its resources. Access to tidewater and the ability to export from Canada's West Coast fulfills the government's national commitment to get our resources to tidewater, increasing the long-term prosperity of Canadians.
Export of emerging light, tight oil resources off the West Coast could be at risk, going beyond the original intent of the federal government when it first announced the moratorium.
Canada has world-class marine safety response systems in place on both the East and West Coasts, and in the Gulf of St. Lawrence. The federal government's commitment to its Oceans Protection Plan ensures our coastlines are protected, rendering the moratorium unnecessary.
The proposed moratorium would extend from the Canada-U.S. border at Alaska to the northern tip of Vancouver Island in B.C. It includes other related petroleum products such as partially upgraded bitumen, synthetic crude oil, fuel oils and condensate.
The Canadian Association of Petroleum Producers quotes: Tim McMillan - president and CEO
The Canadian Association of Petroleum Producers (CAPP) represents companies, large and small, that explore for, develop and produce natural gas and crude oil throughout Canada. CAPP's member companies produce about 80 per cent of Canada's natural gas and crude oil. CAPP's associate members provide a wide range of services that support the upstream crude oil and natural gas industry. Together CAPP's members and associate members are an important part of a national industry with revenues from crude oil and natural gas production of about $120 billion a year. CAPP's mission, on behalf of the Canadian upstream crude oil and natural gas industry, is to advocate for and enable economic competitiveness and safe, environmentally and socially responsible performance.
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