Status of Keystone XL?

[chuckChuck]

“We will be over-piped assuming the other pipelines go ahead on schedule,” said Wood Mackenzie research director Mark Oberstoetter. “If you add them all up, you can make the argument KXL was not needed.”

So was KXL a make work project? Surely we should invest in infrastucture that is needed rather than build excess capacity in pipelines that may be underused or white elephants in a few decades under net zero plans.

[Austrian Economics]

"Most investors are asking, are the oil sands going to be competitive in a carbon constrained world?" For that matter, what investment is going to be competitive in a world that seems hell bent on committing economic suicide?

[chuckChuck]

That's an exaggeration to say the least.

Just because we are transitioning to cleaner energy sources to fight climate change doesn't mean the economy will fail. There will still be demand for all types of commodities, products and services.

Can you tell the difference as a consumer between renewable hydro, wind, solar, gas and coal fired electricity? They all do the same work.

[littledoggie]

"Most investors are asking, are the oil sands going to be competitive in a carbon constrained world?" For that matter, what investment is going to be competitive in a world that seems hell bent on committing economic suicide?

A good question for the Davos crowd.

[jazz]

"Most investors are asking, are the oil sands going to be competitive in a carbon constrained world?" For that matter, what investment is going to be competitive in a world that seems hell bent on committing economic suicide?

Better question, what form of energy is dense enough to forge this new renewable economy which is just unicorns right now.

I would bet all these billionaires are playing both sides of the coin. Starve one source until the price becomes untenable and people are protesting and lining up for fuel, then present the new solution and everybody will demand it.

If fracking is banned the oil sands will become more valuable in the near term. Its the only source of oil in NA that wont need more drilling or licenses to expand.

[LEP]

So why are Kenney and Moe so mad about the loss of the planned KXL? Since they should know we will have enough pipeline capacity in the works, it looks like political grandstanding and theatre.

And how do you blame Trudeau and the Liberals when they rescued TMX?

Alot of what Moe and Kenney say is pure politics designed to stir up resentment.

It always makes me laugh at the ridiculous thought that chuckles can look at the decision of a multibillion dollar project by a multibillion dollar company and think he knows more than they do. This thing has been analyzed and studied for years. If they can make a business case how can anyone say otherwise.

It is between the company and it's shareholders to decide if they can make a business case for another pipeline. Not some biased outsider with zero cash on the line.

By the way I doubt the weasel words put in Trump's executive order will exempt the US government from liability under the USMCA. Otherwise Executive Orders would be used regularly to subvert the trade deals and a trade deal wouldn't be worth the paper it is written on.

[Guest]

yep, they don't trust the "science" of all the studies that tried , but couldn't find anything wrong with keystone
its all about getting that oil back on rails and into buffets pocket

[jazz]

By the way I doubt the weasel words put in Trump's executive order will exempt the US government from liability under the USMCA. Otherwise Executive Orders would be used regularly to subvert the trade deals and a trade deal wouldn't be worth the paper it is written on.

Except the USMCA is a federal deal and to challenge under it, only a country can do that, not a province, so skippy would have to initiate it and he sure as hell wont.

Wait until the buy american policy takes hold though. If that gets rammed through or tarrifs applied on our energy and manufacured goods, then holy hell will we be in for a ride. Canada would fold in a day.

Thank god canola a wheat dont go to the US.

[Sodbuster]

Thank god canola and wheat dont go to the US.

Oil falls in the same category, we need pipelines going east and west to ocean ports where it can be sold or refined at world prices instead of the US companies stealing it at what ever price they want to bid on any given day. I’m thinking maybe Biden did us a favour, we just need a government to pass policy so we can complete pipelines

[LEP]

Except the USMCA is a federal deal and to challenge under it, only a country can do that, not a province, so skippy would have to initiate it and he sure as hell wont.

Wait until the buy american policy takes hold though. If that gets rammed through or tarrifs applied on our energy and manufacured goods, then holy hell will we be in for a ride. Canada would fold in a day.

Thank god canola a wheat dont go to the US.

Companies can lead an action for damages. Governments step up or not if an entire sector is targeted.

https://financialpost.com/news/economy/nafta-lawsuits-target-canada-most-while-u-s-hasnt-lost-yet