EU tar sands law would cost oil firms ‘less than a euro cent a litre’

A stalled internal EU report has found that draft proposals to apply a high-polluting tag to unconventional fuels such as tar sands would have an effect on oil prices too minimal to be felt at filling stations.

Brussels had proposed the revised law to force oil companies to account for increased greenhouse gas emissions from the energy intensive process of strip mining and steam injections needed to produce tar sands.

Canada and the oil industry both complained that the EU was using a punitive methodology.

ESO: Background information: Canada 'spins' mining disclosure laws on back of EU's approval http://www.europeansources.info/record/canada-spins-mining-disclosure-laws-on-back-of-eus-approval/

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