Iraq and Mexico will likely benefit in the race to replace Venezuela’s heavy crude.
Environmentalists have delayed projects so they become non-economic and are terminated.
The Coastal Gaslink pipeline would stretch from Dawson Creek to Kitimat in B.C.
Canadian exporters face increasing competition from a growing shale oil industry in China.
Capital investment in Canada’s oil and natural gas in 2017 was down 44 per cent from 2014.
Truck transport costs US$20 per barrel—four times more expensive than pipelines.
Bill C-69 would add more uncertainty to Canada’s already onerous regulatory process.
Holdouts may block projects for strategic reasons, hoping for a better deal.
Higher crude-by-rail rates lead to lower prices for Canadian crude.