CIGI Report Questions Need For New Oilsands Pipelines

TORONTO — A new report by the Centre for International Governance Innovation is questioning the need for new pipelines to carry oilsands production to tidewater for export.

Jeff Rubin, a senior fellow at the centre and a former chief economist at CIBC, says in the report that the claim that additional pipeline capacity to tidewater will unlock higher prices is not corroborated by either past or current market conditions.

Rubin says overseas markets pay even lower prices for bitumen than...

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