Depressed prices for Canadian heavy crude oil cost Canada's energy industry C$20.6 billion in foregone revenues.
A high price differential means lower-than-expected royalties for governments.
In November 2018, Canadian heavy oil was sold at 30 per cent of the value of U.S. oil.
There’s an urgent need for regulatory reform, especially in Alberta.
The project would create an estimated 15,000 new jobs in Alberta and B.C.
Quebec slammed the door on the resurrection of the Energy East pipeline.
Washington eased federal vehicle emissions standards and repealed a regulation on hydraulic fracturing.
Higher crude-by-rail rates lead to lower prices for Canadian crude.
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.