Canadian oil producers will lose an estimated $15.8 billion this year in foregone revenues compared to other producers.
Investor concerns over uncertain regulatory enforcement have risen sharply since 2013.
Bill C-69 would overhaul the assessment process of major energy projects and add new criteria including “gender implications."
Forty-three Indigenous groups completed agreements to support the project.
The Court also mentioned the potential impact of oil tankers on killer whales.
Canada’s forecasted production of 2.8 million barrels a day this year is down 6.7 per cent from last year’s projection.
The total spill volume from 2004 to 2017 equaled an estimated 0.00003 per cent of hydrocarbons moved through the four analyzed pipelines.
The Canadian Pacific Railroad is the most famous case of federal involvement in infrastructure projects.
Bill C-69 would completely overhaul how major energy projects are reviewed by government in Canada.
For much of the summer, the federal government will backstop construction costs by Kinder Morgan, a private firm.