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Industry confidence waning new pipeline will be deemed in national interest: survey
Confidence fell as 46% of respondents said a new pipeline was likely to get federal review, down from 52% in the fall survey.
- Confidence in a new oil pipeline being chosen for speedy federal review is waning, with 46 per cent of respondents expecting a national interest designation, down from 52 per cent last year, according to ATB Cormark Capital Markets.
- Executives expressed waning confidence in the Liberal government, with one participant stating, "People are losing faith that the Liberal government will actually fix any of the structural problems they created in the last 10 years."
- While 86 per cent of exploration and production companies report an improving outlook and 82 per cent of investors are bullish, some executives demand "less talk and more action," writing that "not one project" has come to fruition.
- Last November, Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a sweeping energy accord, with Alberta preparing an application to the federal major projects office later this year to advance a West Coast oil pipeline.
- Greater optimism exists for a proposal to revive the defunct Keystone XL cross-border pipeline, pursued by South Bow Corp. and Bridger Pipeline LLC, compared to the West Coast project that currently lacks private-sector interest.
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The Toronto Star+9 Reposted by 9 other sources
Industry confidence waning new pipeline will be deemed in national interest: survey
CALGARY - Confidence is waning in a new oil pipeline being chosen for a speedy federal review within the next year, a recent business sentiment survey from ATB Cormark Capital
·Toronto, Canada
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Coverage Details
Total News Sources11
Leaning Left6Leaning Right1Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
13%
12%
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