Last March I interviewed internationally recognized energy expert David Hughes at his home on Cortes Island. Publication of this story was delayed, in part, because of a six minute segment in which he discussed some of the issues raised in his newly published report Will the Trans Mountain Pipeline and Tidewater Access Boost Prices and Save Canada’s Oil Industry?However we touched upon a wide range of subjects, including Tight Oil, Canada’s Pipeline Capacity & the Trans Mountain Pipeline’s feasibility.
Alberta’s oil industry won a symbolic victory. President Trump calls his approval of the Keystone XL pipeline “a great day for jobs and energy independence” in the United States. Canada’s National Energy Board (NEB) admits the industry is not using its’ current pipeline capacity1 and adding more pipelines is “not consistent with the Paris Accord’s commitment to keep (Global) warming to two degrees Celsius, or its aspirational goal of limiting it to 1.5 degrees Celsius.”2 Approving the Keystone XL Pipeline is about our future on a planet where the scale and pace of extreme weather events is increasing.
“Canadian crude oil export pipelines are utilized at 85 to 90 per cent of their capacity … based on respective historical utilization rates.” – Canada’s Energy Future 2016, National Energy Board, p 92 ↩