Environmentalists have delayed projects so they become non-economic and are terminated.
Despite the global recovery in energy prices, Canadian oil prices dropped to US$27.
Truck transport costs US$20 per barrel—four times more expensive than pipelines.
Oil price discount recently reached nearly 60 per cent.
World oil consumption may expand to 100 million barrels per day in the next three months.
The Trudeau government wants another review of the now-nationalized $4.5 billion project.
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.
Bill C-48 includes a moratorium on most large oil tankers loading or unloading on Canada’s West Coast.
The total spill volume from 2004 to 2017 equaled an estimated 0.00003 per cent of hydrocarbons moved through the four analyzed pipelines.
Asia’s demand for oil will increase to an estimated 6.6 million barrels per day in 2040.