CALGARY, ALBERTA--(Marketwire - Nov. 7, 2012) - The US election results will have an impact on the future of oil sands development and the relationship producers have with their largest customer. A new Deloitte report points out opportunities for continued development in the oil sands and how that growth will benefit all regions of Canada.
Deloitte's upcoming report, Gaining ground in the sands 2013: Ten oil sands obstacles that are actually opportunities, discusses the importance of the Keystone XL pipeline, fair market value for oil sands crude, and other oil sands development issues within the context of the North American marketplace. With the election in the U.S. now over, it remains to be seen what impact the results will have on the Canadian energy sector.
Deloitte experts can offer insight and analysis into how the election results will impact the conclusions and recommendations in Gaining Ground in the Sands 2013, and how the conclusions can be realized within the new political climate in the U.S. Energy policy was a central issue during the campaign, highlighting the understanding that oil sands development is critical to the future prosperity of both Canada and the U.S.
Gaining ground in the sands 2013 identifies and presents solutions to problems oil sands producers face with a focus on how further development will benefit all of Canada. Issues like labour, manufacturing, transportation and productivity are examined through the lens of Canada as a whole. The oil sands, the report concludes, are too important to be regarded as a regional asset - they must be thought of as a national priority.
The report argues that, despite a relatively strong year for the oil sands in 2012, the U.S. Government's rejection of the Keystone XL pipeline and the ongoing struggle to secure approvals for Northern Gateway underscore the need for industry and the country as a whole to pursue a much more integrated approach to energy policy in Canada.
The full report is available at www.oilsands.deloitte.ca. Geoff Hill, leader of Deloitte's national Oil & Gas practice, is available for interviews and on-camera comments to discuss the report.
Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting and financial advisory services through more than 8,000 people in 56 offices. Deloitte operates in Québec as Samson Bélair/Deloitte & Touche s.e.n.c.r.l. Deloitte & Touche LLP, an Ontario Limited Liability Partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited.
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