Tuesday 17 September 2019

Top Oil Producer Challenges Investors Willing to Embrace Despots - Bloomberg

Top Oil Producer Challenges Investors Willing to Embrace Despots - Bloomberg:

Forget Canadian nice.

Alberta Premier Jason Kenney, whose province produces more oil than most OPEC nations, has a message for environmentalists, investors and anyone else who will listen: The world needs more Canadian crude, and standing in the way is foolish.

Kenney’s United Conservative Party swept to power in April. He’s traveling to New York and Ohio this week and planning trips to the U.K., Germany and possibly Asia in the coming months to tout the benefits of Canadian oil, which he says has gotten a bad rap from critics that have unfairly demonized Alberta’s oil sands. Against the backdrop of a drone attack in Saudi Arabia that idled 5% of global oil production, Canada offers a safe, secure and socially responsible source of energy, Kenney said.

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