Delays in pipeline projects costs Canada’s economy, governments billions a year

CALGARY—Barriers to building pipelines that would allow Canadian producers to diversify their sales result in prices that are 20 to 30 per cent below the world price of West Texas Intermediate, costing Canada’s economy and governments billions in foregone revenues, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Without adequate pipelines to Canada’s coasts, Canadian oil producers are forced to sell their products in the U.S. at dramatically discounted prices resulting in greatly diminished benefits to Canada’s economy,” said Kenneth Green, senior director of Natural Resource Studies at the Fraser Institute and co-author of The Costs of Pipeline Obstructionism.