An internal memo to the Liberal Deputy Minister of Finance states that low oil prices are resulting in reduced production and as a result, pipelines aren’t needed until at least 2025.
The memo, titled “Energy East Pipeline and Carbon Price,” says that there’s sufficient rail and pipeline infrastructure in place to get by for the next decade.
I don’t know who the Liberals are getting their information from, maybe the Pembina Institute, or Greenpeace? This wouldn’t be a surprise since Trudeau’s senior advisor once signed an oilsands moratorium.
Statements in the memo are in direct conflict with what experts like the Canadian Association of Petroleum Producers are suggesting.
Watch as I explain what the memo gets wrong and provide the facts that contradict its conclusions.
The bottom line is that Canada needs to get its product to market, both in Canada to offset our dependence on the US as our sole client and also abroad before other producers beat us to it.
We need the transport capacity to do so – stalling pipelines over misinformation just isn’t going to get us where we want to be.