With pipeline shortages driving down the price of Canadian oil, the losses for the energy sector – and for Canada’s economy – are staggering. Elmira Aliakbari According to a new study, insufficient pipeline capacity cost Canada’s energy sector $20.6 billion – or one percent of the country’s economy – in foregone revenues last year. Despite increased oil production in recent years, Canada has been unable to build any new major pipelines. High-profile projects including the Northern Gateway and Energy East projects have been canceled. And the Trans Mountain expansion, Line 3 replacement and Keystone XL pipeline remain mired in delay. Take the Trans Mountain pipeline expansion project, for example. After years of regulatory delays and political interference, the project’s future remains uncertain. The proposal to expand the existing Trans Mountain pipeline between Edmonton and Burnaby, B.C., was first approved […]