To Win Support for Keystone, Alberta Premier Pleads Poverty in D.C. Visit
WASHINGTONThe premier of Alberta, Canada, made another visit to Washington D.C. last week, pleading again for U.S. approval of the Keystone XL oil pipeline, which would carry Alberta's heavy crude to refineries on the Texas coast.
Without expanded access to markets in the United States and beyond, Premier Alison Redford said, her province's oil sands crude is selling for discounted pricesand that is creating big problems for Alberta's budget, which relies heavily on oil royalties.
"It has really had an impact on our revenues, you knowwe've expected that probably this year alone because of that differential that we are seeing about a $6 billion drop in revenues," Redford said at the Brookings Institution on Tuesday.
It is a bit of a novelty for Washington to host the leader of a petro state controlling one of the richest oil reserves in the world, come to plead poverty as part of her sales pitch.
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