Canada feels like it is getting picked on by Europe. This week, Canada's natural resources minister issued a warning to EU countries regarding their discriminatory treatment of Canadian oil sands. While Europe labeling oil sands as a "greenhouse gas intense oil source" might not hurt Canada's bottom line right now, the country is trying more to squash the bad rap Canadian oil sands have had lately. That very same label is one of the biggest reason people are blocking TransCanada's (NYSE: TRP ) Keystone XL pipeline.
Canada does have some reason to fight back because Europe is already importing other heavy crudes that Canada claims is just as greenhouse gas intense as oil sands. In this video, Fool.com contributor Tyler Crowe looks at the validity of Canada's claim and asks what oil sands can do to get things headed in the right direction.
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