News

WASHINGTON, October 16, 2009 - The economic impact of oil sands development in neighboring Canada is a boon for the U.S. economy and is expected to lead to the creation of more than 342,000 new U.S. jobs between 2011 and 2015, a new study by the Canadian Energy Research Institute (CERI) finds.

WASHINGTON, September 16, 2009 - API issued the following statement today from President Jack Gerard on the visit of Canadian Prime Minister Stephen Harper to the United States:

According to the Department of Energy, Canada is our biggest supplier of imported oil and natural gas.

WASHINGTON, May 18, 2009 - American Petroleum Institute President Jack Gerard issued the following statement on Cambridge Energy Research Associates (CERA)’s new report Growth in Canadian Oil Sands: Finding a New Balance. The report found that the environmental concerns about Canadian oil sands may be overstated, and that the “well to wheels” greenhouse gas emissions from oil sands are comparable with other sources of crude oil. It also notes that up to 37 percent of U.S. oil imports could come from crude derived from Canadian oil sands by 2035, and that technological advances in the Canadian oil sands has allowed Canada to become the world’s second largest holder of recoverable oil reserves, behind only Saudi Arabia.