TRANSCANADA'S KEYSTONE XL PIPELINE: AN UPDATE

摘要

There is little doubt that Canada's oil sands will play an increasingly important role in US energy security. To effectively undertake that role will require improved access of Canadian bitumen and heavy crude to US refineries on the Gulf Coast. It is uncertain how quickly the DOS will undertake further assessment of a proposed alternate Project route. Should TransCanada be denied a Presidential Permit, the Enbridge initiatives, together with initiatives to expand Canadian hydrocarbon access to Asian markets via Canada's west coast, will become increasingly important to the continued expansion of Canada's oil sands industry.