I’m playing something of a devil’s advocate here, but I think there’s a case to be made that the three new pipelines announced recently could end up being a good thing–for the environment!
I’m playing something of a devil’s advocate here, but I think there’s a case to be made that the three new pipelines announced recently could end up being a good thing–for the environment!
I see. I don’t have a good source to tell me at a glance if the existing pipeline really is the bottleneck for market diversification at this point. It’s plausible. If that’s the case, then I agree it’s a positive; though I can’t also comfortably say it’s net positive yet
Since something like 96% of Canadian oil was sold to the USA in 2024 (I posted a chart that says this in the article), I’d be really surprised that there was enough bandwidth in the pipeline to really pull a lot of oil out of the American market and switch it to China and Europe. And don’t forget I was saying that these pipelines probably won’t make strict market sense. They aren’t meant to be about making money for shareholders so much as to build resilience and independence for both ourselves and our allies in other countries. That’s part of what I meant when I talked about the end of the neo-liberal consensus.