Two different reports by separate sources recently demonstrated most succinctly how Canada's vast oil sands resource is regarded by government officials in different parts of the world. In its Sept. 20 online European news section, The Wall Street Journal reported that, in order to reduce carbon emissions, the European Union proposed in its Fuel Quality Directive the mandated use of low-carbon transport fuels in member countries. Canada claims such a restriction would unfairly penalize its oil sands and vows to take the EU before the World Trade Organization if the legislation, now under review, isn't changed. Analysts in the Houston office of Raymond James & Associates Inc. said liti...