Pipeline impasse to cost Canada C$15.8bn this year

May 9, 2018

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Canada can expect to lose up to C$15.8-billion in lost revenues this year because of pipeline capacity bottlenecks in the country, and fervent opposition to building new pipelines that can open new markets for the domestic industry.

A new report by Canadian independent policy think tank, the Fraser Institute, pointed out that that as oil production ramped up in Canada in recent years, pipeline construction has not kept pace. And despite approvals from review agencies, the status of several major pipeline projects remains uncertain.

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