Quote:
Originally Posted by GGG
This is more a result of Keystone being back on the table. We don't need all 3 pipelines in a 60-80 dollar oil environment. Yes the regulatory environment didn't and Keystone puts Canada at risk in trade negotiations and duties but from a cost vs profit perspective using Keystone to capture the differential between WCS and WTI makes more sense.
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I highly disagree with this assessment.
TransCanada had clearly decided with their private dollars that both pipelines were required.
The fact that the cost of regulatory compliance has doubled the cost of the energy east project is the primary reason that the entire project is no longer economic.