The oil and gas industry accounts for almost 8 per cent of Canada’s GDP.
crude oil pipeline
Depressed prices for Canadian heavy crude oil cost Canada's energy industry C$20.6 billion in foregone revenues.
Bill C-69 overhauls the federal environmental-impact assessment process for resource projects.
The Trudeau government’s proposed Bill C-69 and Bill C-48 will impose further barriers to energy development.
President Trump granted permission to TransCanada Corporation to construct pipeline capacity at the border.
Compared to U.S. crude, Canadian heavy crude traded at a 41 per cent price discount.
Oil price discount recently reached nearly 60 per cent.
Court rejects Trans Mountain project approval—more crude-by-rail means lost revenue for oil producers, economy
Pipelines are 2.5 times safer than rail transport.
Canadian heavy oil producers will lose an estimated $15.8 billion this year in foregone revenues.