Only one of the world’s top 10 oil exporting nations has carbon pricing initiatives – Canada. If you aren't familiar with which countries are the world's top exporters, here's a list (WTEx, 2017):
Top 10 World Oil Exporters 2017
#1 – Saudi Arabia
#2 – Russia
#3 – Iraq
#4 – Canada
#5 – United Arab Emirates
#6 – Iran
#7 – Kuwait
#8 – Nigeria
#9 – Angola
#10 – Kazakhstan
It’s no secret that Canada produces its oil to the highest environmental standards and is also a leader in promoting human rights. Carbon pricing is just one of the initiatives in place that exemplifies Canadian leadership; in fact, large industrial emitters in Alberta have been subject to carbon pricing initiatives since 2007!
After all this you would think that it’s only logical to support oil produced in Canada. I mean, with these stringent environmental standards in place, oil and gas produced in Canada is a win for the global environment, right?
Not everyone thinks to seem so. For paid pipeline protestors, Canadian-produced oil is bad no matter if it’s produced to the highest environmental standards in the world.
So why the boycott on only Canadian oil from paid environmental activists? Shouldn’t those who support a clean global environment also support oil being produced in a place such as Canada? After all, global oil demand is growing and will for many years to come!
World’s #4 Top Oil Exporter
It’s without a doubt that when oil is produced in Canada, it most definitely is a win for the global environment. Remember: Canada is the only top 10 oil-producing nation in the world with carbon pricing initiatives!
If Canada could replace oil imports from Saudi Arabia and Nigeria with its own (approximately 140,700 total barrels per day), there would be a large benefit for Canada’s economy as well as the entire supply chain. There would be new investments in refining and upgrading in eastern Canada as well as more revenues for social programs across the nation.
Let’s not forget that this oil, if it were used by Canadians in the eastern provinces to replace foreign-produced oil, would be produced to the highest global standards for environmental protection and human rights.
Hundreds of Billions Spent on Foreign Oil
Did you know Canada has spent more than $120 billion on oil imports since 2012? That’s just crazy and yet there’s never been a protest by “green” groups against oil suppliers to Canada without carbon pricing.
According to the Worlds Top Exports (WTEx), our nation was responsible for approximately 6.4% of all crude oil exports in 2017 (by dollar value). Limited pipeline capacity and an inability to get Canadian oil to world markets is reducing prosperity in our country.
We sell 99% of our oil and gas to the United States at a heavily discounted price because we cannot reach world markets, the USA is reaping the benefits.
Once again, Canada, we are giving our prosperity away!
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