According to RBC Capital Markets, if the Keystone XL oilsands pipeline gets rejected it could cost the industry just under $2-billion.
Experts told the Financial Post the industry’s spending is expected to peak at $29.7 billion in 2016, but a rejection would lower it to $27.9-billion.
A ‘no’ to TransCanada’s project would also defer 300,000 barrels per day between 2015 and 2017, but analysts believe crude-by-rail would help bridge that gap.
But, experts at the country’s largest bank still predicts capital spending between $25-billion to $30-billion dollars by 2020, regardless of what happens to Keystone XL.
September 26th, 2013
