Oil sector braces for punch from U.S.

Subject: txt engry -
Washington - Canada may be bracing for a diplomatic black eye in Copenhagen, where a long-awaited climate summit aimed at dialling down the world's thermostat opens Monday. But a much harder punch from Washington is what worries Canada's petroleum sector – and by extension, Ottawa – as the U.S. government weighs landmark legislation that will ultimately give shape to the continent's energy future.

At issue is the possibility the U.S. will impose a national Low-Carbon Fuel Standard (LCFS), a rule that would penalize dirty fuels like carbon-intensive Alberta crude in a bid to lighten the overall footprint of American transportation.

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