A lot of it is just economics. Oil is at ~$63USD, which in 2000 dollars is about $118. Oil was in the ~$25 range then. WCS is currently at $51.
When they say their is no economic case to build a new pipeline, this is what they mean. They don't say "there is no compatible regulatory environment". We need to live in the real world here, and even eliminating all the barriers people keep complaining about, there still isn't an economic case.
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