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Feds look to revamp environmental regulations

Published by Steve Coleman on March 23, 2012

The federal government may burn the midnight oil trying to get Alberta oil to market.

Prime Minister Stephen Harper said during a March 23 news conference in Bangkok, Thailand that the regulatory system may be in for an overhaul to get pending energy projects online faster.

Canada's decision to sell more oil to Asia came on the heels of the US decision to turn down the Alberta-Texas Keystone XL pipeline. Besides China, the country is also hoping to open up the Japanese and South Korean markets.

Canada's oil reserves have been estimated as the third-largest in the world. Most of that crude is exported to the US.

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