Redford seeks Ontario’s help to overcome ‘bitumen bubble’ plaguing oilsands

EDMONTON – Premier Alison Redford has urged Ontario leaders to work with Alberta to diversify markets for Alberta oil to pop the so-called “bitumen bubble” preventing oilsands producers from getting full price for their products.

In a speech Wednesday to the Canadian Club at Toronto’s Fairmont Royal York Hotel, Redford said Canada will lose $27 billion in revenue as a result of the discount on Alberta oil, and highlighted the $63 billion in goods and services that flow into Ontario from Alberta’s oilsands sector.

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