The pipeline carries 540,000 barrels of oil and natural gas liquids per day to Ontario’s four operating refineries in Sarnia.
oil and gas industry
Ottawa’s carbon tax is set to increase to $170 per tonne by 2030.
Gasoline prices were rising before Russia invaded Ukraine.
Oil and gas remain fundamental to the production of nearly all goods and services purchased by Canadian families.
Normally when a product experiences record-high prices, suppliers expand production capacity to meet demand.
Investors will invest in energy projects where expected risk-adjusted returns are highest.
If Canada removed all fossil-fuel cars from the roads, emissions would only drop by 5 per cent.