Energy & Science
Pipeline Setbacks in U.S. Rattle Oil-Sands Producers in Canada
- Canada’s oil sands have endured pipeline shortages for years
- Existing lines, not just new projects, now seen as threatened
A demonstrator holds a sign during a protest against the Dakota Access pipeline in Washington in March 2017.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
This week’s escalation of American pipeline setbacks is heightening concerns among Canadian oil producers who export almost all of their crude to the U.S.
Alex Pourbaix, the chief executive officer of Cenovus Energy Inc., called a ruling temporarily shutting down the Dakota Access pipeline on Monday “pretty disturbing” in its implications that existing conduits may now be at risk. His concerns were echoed by the CEOs of Suncor Energy Inc. and Exxon Mobil Corp.’s Imperial Oil Ltd.