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perch-black-gold

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Subscribe to Perch Did you enjoy the read? Subscribe to future editions of Perch where we'll continue exploring ideas about Alberta's quality of life at atb.com/economics Read The Owl Written by ATB's economists, The Owl focuses on the day's top economic news. Keep a close eye on Alberta's economy by subscribing at atb.com/economics Todd Talks ATB's Chief Economist Todd Hirsch is one of our country's most sought-after speakers on the economy. In clear and energetic talks, Todd breaks down what is happening in Alberta's economy. Request Todd to come speak at your event at toddhirsch.com Perch Talks Did you like this edition of Perch? Invite ATB's Rob Roach to present on it at your next event. Contact him directly at rroach@atb.com pipeline–which is good news for Alberta's oil sector—but opposition remains and there is no guarantee that it will be built. Here at home, environmental antagonism and other roadblocks to pipelines highlight the ongoing resistance to the expansion of oil sands activity and Alberta's ability to reach Asian markets. Federal approval of two pipeline projects (the Trans Mountain Expansion and the Line 3 Replacement Program) has boosted spirits in the oil patch but they still face opposition as does the proposed Energy East Pipeline Project that would ship crude from Alberta and Saskatchewan to refineries in eastern Canada and an export terminal in Saint John. These three challenges are significant so we are going to have to live up to our can do reputation in Alberta if we are going to successfully address them. We've made improvements on the environmental side, and Alberta has some of the world's strictest environmental standards. Still, we have to do even better. We've made solid strides in terms of improving cost structures and efficiency, but we have to do even more. We've built strong relationships with our American cousins, but we have to work even harder to ensure we are the go to supplier south of the border. And we have to crack the nut and find a way to tap into the growing Asian market. Easy, right? Well, no. But not impossible, either. Having plenty of oil used to set us apart and it still does, but now this has to be combined with even greater amounts of creative thinking, expert diplomacy and environmental acumen. Anything less and we will not be able to keep enjoying the enormous benefits our black gold brings.

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