Pipeline obstructionism costing Canada billions

According to a recent Fraser Institute study, lack of pipeline capacity will cost Canadian oil producers $15.8 billion this year

Pipeline obstructionism costing Canada billionsBy Elmira Aliakbari and Ashley Stedman The Fraser Institute Canada’s need for new pipelines is critical. The recent decision by Kinder Morgan, one of the largest energy infrastructure companies in North America, to halt all “non-essential spending” on the Trans Mountain pipeline expansion – which would run from Alberta, through British Columbia, to the coast…

The Saga of the Three Pipelines test of Ottawa’s relevance

After seven years and billions of dollars, hope for revival of Canada’s oil industry comes down to one extremely troubled project

The Saga of the Three Pipelines test of Ottawa’s relevanceCanada is endowed with the third largest oil reserves in the world but lack of access to world markets means our oil is sold far below world prices. Each day, this captive market discount hands a $40-million gift to Americans. Adding insult to injury, the discount also drives tens of billions of dollars in Canadian…

Trans Mountain a pipeline to prosperity and stability

First Nations support pipelines, including Trans Mountain. Abandoning the project will be a severe blow to those communities

Trans Mountain a pipeline to prosperity and stabilityBy Joseph Quesnel and Kenneth Green The Fraser Institute Alberta Premier Rachel Notley forgot one group of Canadians when she cheered a recent court ruling relating to the $7.4-billion Trans Mountain pipeline expansion project. “It wasn’t that we won the decision, it was the court wouldn’t even hear it. So, it was a pretty definitive…

Trudeau’s energy quagmire

Trudeau faces the fight of his life but he needs to build a national energy strategy that fulfils today’s needs and tomorrow's dreams

Trudeau’s energy quagmireJustin Trudeau flew back to Ottawa on Sunday to do what he does best: smile, shake hands and get his picture taken. What he didn't do was clear a pathway for the Kinder Morgan pipeline expansion, and deal with a gathering storm that’s shaking Confederation to its foundations. The summit was a high-profile showdown between…

Dropping the gloves over pipelines

Kinder Morgan's acknowledgement that doing business in Canada may not be worth the trouble represents a watershed moment in Canadian economic history

Dropping the gloves over pipelinesEarlier this month, pipeline company Kinder Morgan announced it will suspend all “non-essential” activities and “related spending” on the federally-approved Trans Mountain pipeline expansion. In unusually clear language, Kinder Morgan explained that it can’t invest more money into a project that it can’t ensure will see completion. Kinder Morgan chief executive officer Steven Kean said…

Insurance Corp. of B.C. faces uncertain future

Canada’s only mandatory insurance provider is digging a deep financial hole and the B.C. government is looking for answers

Insurance Corp. of B.C. faces uncertain futureIt’s no secret that the Insurance Corp. of British Columbia (ICBC) is under financial distress. But should it be saved? In 2016-17, it suffered its largest loss ever – $889 million, an amount equal to 18 per cent of its total premiums. What’s worse, it’s heading for an even larger $1.3 billion loss this year,…

Can B.C. climb back to the education mountaintop?

For almost 20 years, the government has been at war with the teaching profession. New contract talks can change that

Can B.C. climb back to the education mountaintop?British Columbia’s educational system is one of the best in the world, according to documents published by the Conference Board of Canada and the Programme for International Student Assessment (PISA). A BBC article referred to Canada as “An Educational Superpower” and British Columbia even ranks ahead of all other Canadian provinces. Yet B.C. schools are…

The high cost of pipeline obstructionism in Canada

Our lack of capacity to cheaply transport crude is costing us billions. Policy-makers need to recognize the urgent need for pipelines

The high cost of pipeline obstructionism in CanadaBy Kenneth P. Green, Elmira Aliakbari and Ashley Stedman The Fraser Institute In recent months, Canadian crude oil prices have dropped relative to other international benchmark prices, costing the economy billions in foregone revenues. The recent increase in the Western Canada Select (WCS) price discount compared to West Texas Intermediate (WTI) is largely due to…

A flicker of hope in Canada’s gloomy energy climate

B.C.’s proposed tax incentive plan for an LNG facility in Kitimat is a step forward. But more must happen to revitalize Canada's economy

A flicker of hope in Canada’s gloomy energy climateBy Kenneth Green and Niels Veldhuis The Fraser Institute The British Columbia government recently announced it will provide a large tax incentive to promote the building of a natural gas liquefaction and export facility in Kitimat. The announcement is a bright spark in an otherwise gloomy environment for energy transport and export infrastructure. The Kitimat…

Open for business? Not B.C.

B.C. government sending all the wrong signals to investors, which could lead to a rude economic awakening

Open for business? Not B.C.By Charles Lammam, Hugh MacIntyre and Ashley Stedman The Fraser Institute Consumer spending and a hot real estate market have helped buoy British Columbia’s economy in recent years. But they’ve also helped mask deep-rooted economic problems, including B.C.’s dismal level of business investment. Unfortunately, an onslaught of recent policies from Premier John Horgan’s government has weakened…