Stalled Pipeline Project means a Loss of $30-$70 Million Daily

Feb 08, 2013

The inability to get pipeline projects complete and oilsands crude to the right markets is costing the Canadian economy. Each stalled pipeline project means a loss to the Canadian economy of between $30 million and $70 million every day, said the report by the Canada West Foundation (Feb 2013), commissioned by The Saskatchewan government. The loss to the Canadian economy will be devastating if we don’t dramatically expand our pipeline capacity to multiple markets,” said Canada West Foundation CEO Dylan Jones.  The Alberta oilsands are the third largest oil reserves on the planet.