Energy Intelligence Group’s World Energy Opinion
18 September 2018
It’s been a rough few weeks for Canada’s efforts to expand pipeline capacity for oil exports. In the middle of August, a District Court judge in Montana ruled that a new environmental assessment was needed for TransCanada’s US$8 billion Keystone XL project. Then, late last month, Canada’s own Federal Court of Appeal quashed the federal government’s approval for the C$7.4 billion Trans Mountain Expansion (TMX), leaving the project legally null and void just days after construction work had restarted under new Canadian state ownership. This leaves Enbridge’s relatively small Line 3 Replacement project the only one with the regulatory approvals needed to move forward in the foreseeable future — a dangerous state of affairs for Canada as it confronts the trade uncertainties of the Donald Trump era.