President Trump granted permission to TransCanada Corporation to construct pipeline capacity at the border.
Compared to U.S. crude, Canadian heavy crude traded at a 41 per cent price discount.
Iraq and Mexico will likely benefit in the race to replace Venezuela’s heavy crude.
Washington eased federal vehicle emissions standards and repealed a regulation on hydraulic fracturing.
Canadian exporters face increasing competition from a growing shale oil industry in China.
The Notley government imposed a 100 megatonne cap on greenhouse gas emissions from the oilsands.
Bill C-69 would add more uncertainty to Canada’s already onerous regulatory process.
Discussions surrounding the need for new pipelines to transport Canada's oil to market have been a dominant economic, environmental, and political issue for the past several years. Canadas overwhelming reliance on the United States as a customer, the U.S.s growing energy self-sufficiency, and limited pipeline infrastructure have placed a low ceiling on the prices Canadians are able to secure for our energy exports.