The following is an excerpt. To view the full article please visit the link below.

A new report by the Centre for International Governance Innovation is questioning the need for new pipelines to carry oilsands production to tidewater for export.

Rubin says overseas markets pay even lower prices for bitumen than in North America, so there is no economic case for additional pipeline capacity to tidewater or expanded oilsands production. He says international commitments to reduce global carbon emissions over the next three decades will also reduce the size of future oil markets.

* * *
Program
The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.