With a global shortage of Canadian oil, the world’s biggest producer of crude oil has warned the U.S. that if it does not reduce its crude output, Canada may be forced to import some from abroad.
A group of Canada’s oil and gas companies wrote a letter to U.K. Prime Minister Boris Johnson and U.N. Secretary-General Antonio Guterres on Wednesday, warning that the United States “will be unable to meet its obligations to protect its own people from potential risks” from global oil spills.
The oil and natural gas companies argue that, if the United Nations fails to address the risks posed by oil spills, “the world’s most important energy producer” will have to import as much as 1.2 million barrels a day from overseas.
The letter says the United Kingdom’s import quota of 1.3 million barrels per day is set to be breached by the end of next month.
The companies warn that if the U., or other nations, don’t meet that goal, the Canadian oil industry may be required to import more than 1.8 million barrels daily from overseas by 2020.
The oil and energy companies say the demand for imported oil is so high in the U