Dearth of pipeline capacity cost Canada’s energy sector $20.6 billion in foregone revenues in 2018
• The Cost of Pipeline Constraints in Canada, 2019
• Nearly eclipsing loss of previous five years combined:
By Fraser Institute —— Bio and Archives--April 30, 2019
Canadian News, Opinion | Comments | Back To Full Article
CALGARY—Lack of pipeline capacity is driving down the price of Canadian oil, costing the country’s energy sector C$20.6 billion in lost revenues last year, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Without sufficient pipelines to coastal ports, Canadian oil producers must sell their product to the United States at dramatically discounted prices, which leads to large losses for the energy sector and more broadly Canada’s economy,” said Elmira Aliakbari, associate director of natural resource studies at the Fraser Institute and co-author of The Cost of Pipeline Constraints in Canada, 2019.Welcome to CFP’s Comment Section!
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