Today is Canada Day. On July 1, 1867, Canada became a self-governing country consisting of a federation of the four provinces of Nova Scotia, Ontario, Quebec and New Brunswick. Since this is a national holiday, Canadian citizens across the country are celebrating with parades, festivals and fireworks.

It's fitting that on this day we acknowledge Canada's contributions to America's energy security.

Our friendly neighbor to the north is the largest importer of crude oil to the United States. About 2.5 million barrels of oil arrive from Canada every day to fuel the U.S. economy, and about half of the oil is derived from Canada's oil sands.

With oil sands production expected to more than double in the next decade, pipeline companies and refiners are preparing to handle more of this secure res... more »

The Senate Environment and Public Works Committee yesterday voted to remove the liability cap on damage claims stemming from oil spills. The proposal could be one of several provisions cobbled into an energy and climate bill that could be considered by Congress in the wake of the Deepwater Horizon accident.

In a news release, API warned that the elimination of liability limits could make insurance unavailable for domestic energy development in the Gulf. More than 100 U.S. companies would be forced out of the exploration and production business, which could destroy jobs, harm economic growth and put U.S. energy security at risk.

API President and CEO Jack Gerard said:

"...legislative proposals that would make domestic resources unavailable or uneconomic, instead of focusing on improving s... more »