Oil Sands and the Canada-EU Trade Deal

3 03 2011

Is the proposed Canada-EU trade agreement in danger? Friction over Canada’s oilsands came to a head last week, after the publication of previously secret EU documents which suggest that Canada had threatened to suspend the talks if the EU insisted on introducing an environmental clause for oil imports.

It also appears that the proposed text of the deal, which is still secret, contains a clause that would allow firms to sue a government if it imposed a climate change regulation or carbon tax that inhibited their ability to produce fossil fuels under their current business model.

See more here.



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