Uncertain economic returns and duration of federal tax credits could delay or cancel project proposed by six oil firm majors, set to be the world’s largest, says energy sector research firm Wood Mackenzie.
TransCanada is standing by its vow to build the $8.3-billion Keystone XL pipeline, despite a recent federal court ruling that struck down the Trump Administration's 2017 effort to jump-start the project.
Oil pipelines dominated the energy news on Nov. 29, when Canada’s government approved one of two controversial pipelines from Alberta’s oil sands to the west coast, rejected a second and gave a pass to a third, running south to the U.S.
Fort McMurray, Alberta, the center of Canadian oil-sands crude production, was evacuated on May 5, when a wildfire swept through the city’s outlying forests and through the streets, destroying more than 2,400 structures.
