Pipeline obstructionism costing Canada billions
Canada’s need for new pipelines is critical.
The recent decision by Kinder Morgan, one of the largest energy infrastructure companies in North America, to halt all “non-essential spending” on the Trans Mountain pipeline expansion – which would run from Alberta, through British Columbia, to the coast – made headlines across the country.
Stories have focused on interprovincial rivalries and trade wars. But an often ignored or misunderstood aspect of the pipeline debate is how much Canadians lose by not having sufficient pipeline capacity to deliver our oil to market.
According to a recent Fraser Institute study, Canadian oil producers will lose $15.8 billion in revenue this year.