Not exact matches
Any reduction in oil
sands output from the levels imposed by the emissions cap will create even more surplus pipeline
export capacity without the Trans Mountain project.
Indeed, Canadian oil
sands exports could exceed the refining
capacity in the Midwest by 2015, IHS CERA, a consulting firm based in Cambridge, Mass., said in a submission to the State Department.
Line 3 and Keystone XL, without TMX, would provide sufficient pipeline
export capacity for foreseeable production growth under the oil
sands emissions cap, and access world prices on the Gulf Coast.
Keystone XL Pipeline: A Potential Mirage for Oil -
sands Investors shows «new Canadian oil -
sands development is increasingly economically questionable without the additional
export capacity that pipelines such as KXL would bring», says Mark Lewis, external research advisor to Carbon Tracker.
Without additional
export pipeline
capacity, Canada's tar
sands production may max out existing pipelines as soon as late 2013.
«New Canadian oil -
sands development is increasingly economically questionable without the additional
export capacity that pipelines such as Keystone XL would bring», says Mark Lewis, external research advisor to a report from Carbon Tracker, a think - tank focused on the investment risks posed by excessive fossil fuel extraction.