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EU puts oil sands on carbon hit list: source

The European Commission has approved including oil sands in the European Union’s fuel quality directive, which aims to help suppliers identify the most carbon-intensive fuels, an EU source told Reuters on Tuesday

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BRUSSELS — The European Commission has approved including oil sands in the European Union’s fuel quality directive, which aims to help suppliers identify the most carbon-intensive fuels, an EU source told Reuters on Tuesday.

Under the European Union’s fuel quality directive, which calculates greenhouse gas emissions from a range of transport fuels, other fuels were dealt with by the end of last year.

A decision on whether to include oil sands was delayed after Canada, home to huge reserves of oil sands, said the EU’s standards to promote greener fuels would harm the market for its oil.

The commission proposed oil sands should be ascribed a greenhouse gas value of 107 grams per megajoule of fuel, making it clear to buyers it had a greater impact than conventional crude oil, whose value is 87.5 grams.

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© Thomson Reuters 2011

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