Keystone XL would have transported 830,000 barrels per day from Western Canada to the U.S.
Canada’s oil sector is scrambling to increase production as the U.S. bans imports from Russia. Had the Keystone XL pipeline not been cancelled, more oil from Canada would likely already be on the way, says a leading oil analyst. “We are expecting some growth from Canada, but for a meaningful difference, it’s tough because you…
We should stop caving in to North American virtue signallers
Michigan Gov. Gretchen Whitmer has launched the latest political hit job on a Canadian pipeline. Whitmer is targeting Enbridge’s Line 5, which runs from Alberta through the Great Lakes region to refineries and chemical plants in Sarnia, Ont. The Sarnia terminus sells to companies that make products that fuel cars, trucks, vans, ships and airplanes…
Given what was known about Keystone XL, it’s hard to understand the decision-making the government undertook to buy into the scheme
The long-suffering citizens of Alberta recently learned that they’re on the hook for yet more billions of dollars via an ill-advised investment in an oil pipeline. The Keystone XL project was festooned with red flags well before the injection of hard-earned and now lost taxpayer funds. Political risk can be hard to quantify but it’s…
At a time when the U.S. and Canada need it most, Keystone XL will generate more than 50,000 jobs
In the midst of the COVID-19-caused economic decline and huge job losses, it’s unfortunate that some, including Joe Biden, continue to smear Canada’s oil and gas industry. Biden, the presumptive U.S. Democratic presidential candidate, says if elected, he’ll shut down the Keystone XL pipeline project. The project is under construction, providing jobs to thousands of…
Our lack of capacity to cheaply transport crude is costing us billions. Policy-makers need to recognize the urgent need for pipelines
By Kenneth P. Green, Elmira Aliakbari and Ashley Stedman The Fraser Institute In recent months, Canadian crude oil prices have dropped relative to other international benchmark prices, costing the economy billions in foregone revenues. The recent increase in the Western Canada Select (WCS) price discount compared to West Texas Intermediate (WTI) is largely due to…One spill is too many but pipelines are much safer than rail for transporting oil
By Kenneth P. Green, Elmira Aliakbari and Ashley Stedman The Fraser Institute State regulators in Nebraska recently approved the Keystone XL pipeline, ending nine years of regulatory and political limbo across multiple jurisdictions. TransCanada Corp. can now build its pipeline. That’s welcome news for all Canadians, especially those concerned about oil transportation safety. More Canadian…
Buck up Canadians. Trump’s pledge to lift the U.S.’s anemic economic growth rate can only be good news for Canada
Donald Trump’s surprise victory in the presidential election, coupled with continued Republican control of both branches of the U.S. Congress, heralds significant changes in the United States' policy in trade, immigration, foreign affairs, energy and taxation. Many Canadians are understandably uneasy about the direction the U.S. may take under new leadership. At a minimum, Trump’s political…
Keystone XL is already a good deal for the U.S.
By Kenneth P. Green and Taylor Jackson The Fraser Institute From a Canadian perspective, Donald Trump’s recent energy policy speech was both interesting and troubling. On one hand, Trump’s commitment to approve the Keystone XL pipeline – a key piece of continental energy infrastructure that became an unfortunate victim of political posturing – is a…
Rejection of the pipeline was never about climate change
By Kenneth P. Green and Taylor Jackson The Fraser Institute The Keystone XL saga has taken a new twist. On Jan. 6, TransCanada (the company that would have built and operated the Alberta to Texas pipeline) launched two lawsuits over U.S. President Barack Obama’s November rejection of the pipeline. One of the lawsuits will challenge…
A focus on worst-case scenarios loses sight of what’s vastly more likely to happen
By Kenneth P. Green and Taylor Jackson The Fraser Institute It’s been a difficult couple of weeks for Kinder Morgan’s proposed expansion of the Trans Mountain pipeline. The Santa Barbara oil spill has irritated already-sensitive public concern about oil pipelines. And as the pipeline’s review before the National Energy Board continues, several new reports commissioned…