How Big a Win Is the New AlbertaWyoming Pipeline for Canadian Oil?

Date:

Pipeline facilities now owned by South Bow Corp. are seen in Hardisty, Alta., on Nov. 6, 2015. The Canadian Press/Jeff McIntoshThe newly U.S.-approved Alberta–Wyoming oil pipeline is an economic win for Canada, but is only the first step in getting the country in a position where it can truly maximize benefits from its energy resources, industry watchers say.U.S. President Donald Trump signed off on the proposed pipeline on April 30 with an executive order. The project supports the export of more than half-a-million barrels of crude oil per day, and would increase Canada’s oil exports to the United States by up to 12 percent.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Hegseth Heads to NATO Meeting as US Recalibrates European Defense Responsibilities

U.S. War Secretary Pete Hegseth speaks to the press...

Carney Calls US-Iran Peace Deal Game Changer, Says War Was Worth It

Prime Minister Mark Carney speaks to reporters during the...

British Inflation Holds at 13-Month Low Ahead of Bank of England Interest Rates Decision

The Bank of England building in London on Feb....

Hanson Says Late-Term Abortion Abhorrent and Disgusting

One Nation leader Pauline Hanson speaks at the National...