Washington eased federal vehicle emissions standards and repealed a regulation on hydraulic fracturing.
Higher crude-by-rail rates lead to lower prices for Canadian crude.
Court rejects Trans Mountain project approval—more crude-by-rail means lost revenue for oil producers, economy
Pipelines are 2.5 times safer than rail transport.
The Trudeau government took an already onerous and arbitrary environmental assessment process and made it worse.
The largest growth of energy demand is projected to be in China, Southeast Asia and India.
Canadian heavy oil producers will lose an estimated $15.8 billion this year in foregone revenues.
Increased capacity to move oil to tidewater should eliminate the gap between world oil prices and prices in North America.
Bill C-48 includes a moratorium of large oil tanker traffic off northern B.C.
B.C. Premier John Horgan says the nationalization of the Trans Mountain pipeline expansion doesn’t allay his concerns.
The Trudeau government’s decision is an admission that Canada’s approval process for major infrastructure projects is broken.