INTERVIEW-New Alberta premier sees oil pipelines as key to growth
Jim Prentice, the one-time federal minister and investment banker sworn in as premier of Alberta earlier this month, said on Friday the Canadian province must secure new oil-export pipelines to ensure the growth of its oil sands sector.
In an interview, Prentice said Alberta, which produces more than three million barrels of oil per day, would strongly back more pipeline projects to ship its crude overseas and minimize its reliance on the U.S. market, where Western Canada crude trades at a discount. New pipelines would also draw more investment in Alberta's oil sands, he added.
"If we don't achieve global access, we won't achieve global prices," Prentice said in an interview with Reuters. "If we don't secure global prices, we are going to continue to be a discount supplier of energy."
Sep 27, 2014