Varcoe: As oil pipelines become an ace in 'Canada's deck,' should country place bet on path south or west? |
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Varcoe: As oil pipelines become an ace in 'Canada's deck,' should country place bet on path south or west?
'You obviously can't fill both of them at the same time,' said Heather Exner-Pirot, director of natural resources, energy and environment at the Macdonald-Laurier Institute
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Look west or southward bound? This isn’t the title of a TV sitcom, but a question facing Canadian politicians and oil industry leaders.
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As western Canadian oil output ramps up and is expected to fill export pipelines, where should capacity from a new oil artery point to, and what projects will be built first?
Should they extend south, such as through a revised Keystone XL-type pipeline or another development that ships additional crude to the United States, where Canada is already the largest foreign supplier of energy?
Or should it go to the Pacific Coast, as Alberta is proposing with a new bitumen line, offering enhanced access to international customers and greater market diversification?
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