Canadian Press: A new report warns of the perils to the Canadian economy of relying too much on the oilsands. The Canadian Centre for Policy Alternatives study says Canada is heading towards a "staples trap," whereby the more quickly bitumen is exported, the less diversified and productive the economy becomes. The study's authors also warn of a looming "carbon trap" in which the Canadian economy is so closely linked to carbon-producing industries that it becomes difficult to adopt measures to deal with climate...
URL: http://www.ctvnews.ca/canada/dependence-on-the-oilsands-could-hurt-canada-s-economy-report-warns-1.1165546#ixzz2LXSsKM7p
Enclosure: http://www.ctvnews.ca/polopoly_fs/1.1165565!/httpImage/image.jpg_gen/derivatives/landscape_620/image.jpg
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