Keine Ölpipeline auf der Liste der Projekte von nationalem Interesse
https://www.cbc.ca/news/politics/no-oil-pipeline-on-list-1.7629818
Keine Ölpipeline auf der Liste der Projekte von nationalem Interesse
https://www.cbc.ca/news/politics/no-oil-pipeline-on-list-1.7629818
7 Kommentare
This makes sense as you’d need an actual pipeline project to exist, with a proponent and project planning, for it to be part of any sort of assessment.
Nobody is looking to build a pipeline right now. Optimization is the path for the next few decades as oil consumption plateaus and declines.
If there’s little private sector interest at this time, as the article states, why would it be there? My understanding is that these are projects with clear economic cases and can be started relatively quickly, without a private partner at this stage an oil pipeline doesn’t really fit those criteria yet.
I think most people are aware there isn’t much private sector interest in a pipeline; this is a purely political game on how much Smith and Conservatives like her can push the Liberals. They’re going to chatter on about Ottawa not respecting national unity or wanting to actually grow the economy regardless of whats done. I’m interested in seeing the full list, as I’ve heard Ontario isn’t too happy about what they wanted either. Haven’t heard a peep about East Coast projects though…
Why does the Albertan premier think that Northern BC wants ~~Coastal Gaslink~~ Northern GateWay? BC already has problems with the indigenous peoples already with the lack of treaties being signed back in the day. The Albertan Premier has no more authority to ram a pipeline or two through BC. Additionally the indigenous population are not a monolith across the country some support natural resource development most don’t though.
First of all, let me say, there’s no way that British Columbia’s will allow a pipeline and tankers on the north coast. Those are some of the largest still intact rainforests in the world and the coast is perilous and ecologically vulnerable.
Second of all, the IEA projects oil demand even in the meekest climate policy scenario will be flatlined for the coming decades, under most global climate policy scenarios oil demand will drop precipitously due to EVs.¹ Guess which country is seeing 50 per cent of new vehicles being of the electric type? China. Already.
1 – https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/101624-iea-sees-oil-supply-overhang-emerging-after-cutting-long-term-demand-projection
Canada already has low business investment and low productivity and too many policy unknowns. This makes a lot of companies from investing here.
https://www.cfib-fcei.ca/en/media/stagnant-small-business-investment-in-canada-set-to-decline-over-the-next-two-years?hs_amp=true
OPEC increasing production is bringing oil prices down, it makes the whole Canadian oil industry less economically viable right now. I doubt any business is looking at a $50 barrel and thinking any investments here are going to be profitable even ignoring Canada’s regulatory environment. This is exactly why when I was in Edmonton 15 years ago there was a huge push to diversify the economy more but that costs money and takes subsidies out of O&G pockets so was killed off.