Speaking at the TD investor conference in Calgary, the President of OPEC firmly stated Canada’s need to invest into oil pipelines which could transfer Canadian crude and natural gas, or else see investment leave Canada and head for the United States.
“If you don’t have the major infrastructure, investors are going to go to your neighbor, where infrastructure is not an issue,” said Organization of the Petroleum Exporting Countries President Suhail al-Mazrouei. “Act and act quickly if you want to retain those investors. I am being frank because I want to be a true friend to the Canadians.”
“I don’t want them to lose opportunities.”
Background: Insufficient space in the country’s oil pipelines has deepened the discount Canada’s heavy crude can attract from U.S. refiners, compared with U.S. light oil futures.
High quality content without ads is here with a 30 day ad-free trial.
After 30 days it's only $5 a month.
"You might have silenced Jody Wilson-Raybould, but you’re not going to silence me," said CPC MP Pierre Poilievre. "You look…
The police investigation into the Danforth shooter who killed two and left 13 others injured last summer is now complete,…
On accountability to Canadians, Justin Trudeau scored the lowest out of the three leaders.
A total of 44 percent of respondents said they believe Canada welcomes too many immigrants, and 45 percent said the…
Omar Khadr's lawyer, Nathan Whitling, gives precedence to representing a terrorist over a group of indigenous women.
Lawyers seeking emails, texts and notes related to vice-admiral's criminal case