Going with the Flow: The Fluid State of Crude Oil Pipeline Projects in Canada

The Conference Board of Canada, April 10, 2017
Recorded Webinar
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In just a few months, the outlook for crude oil export pipelines has changed drastically. With the new Trump administration’s executive order to approve the Keystone XL pipeline, there are now four potential pipelines that could be built across Canada in the years to come. But, are all these projects needed? What are the implications for Canada’s energy sector over the long-term? What are the potential economic impacts of these projects? And, what other issues are worth considering in the context of the ongoing and evolving pipeline debate?

Canada’s energy sector accounts for 1/10th of the national economy, rivaling the size of the manufacturing sector, and contributing significantly to the Canadian and provincial economies. For the sector to continue to succeed and to contribute positively to Canada’s economy over the long-term, a number of key challenges need to be solved. One of those challenges is building the infrastructure necessary to access new markets – including crude oil pipelines.

Canadian oil production is expected to increase by over 40 per cent between 2016 and 2040—from 3.8 to 5.4 million barrels per day (MMb/d). At least two to three large crude oil export pipelines will be required to accommodate these growing volumes over the long-term. Meanwhile, recent studies by The Conference Board of Canada assessing the economic impacts of the Energy East and Trans Mountain expansion projects indicate that the benefits of these projects are significant--widespread across regions and industries--and that they will benefit the country for decades.

In this webinar, find out the latest on the shifting environment for pipelines from two expert Conference Board of Canada economists, Michael Burt and Carlos A. Murillo.

Webinar Highlights

In addition to reviewing the different projects under consideration and presenting The Conference Board’s most-recent outlook for the energy sector and the impact of individual projects, Michael and Carlos will discuss other relevant areas related to the pipeline file , including:

  • Challenges associated with obtaining “social licence” in the context of getting approval for new/expanded pipeline projects;
  • Roles that the federal government can play in the context of the pipeline regulatory process; and
  • Canadians’ views on issues related to new/expanded pipeline projects.

About Michael

As Director, Industrial Economic Trends, Michael Burt oversees regular forecasts for more than 30 different sectors of the Canadian economy, including an annual Industrial Profile for Canada's Retail Trade Industry. Michael joined The Conference Board of Canada in 2004. In addition to contributing to the development of the Industrial Outlook forecast model, Michael has introduced new industry-specific products and conducted commissioned analysis. Michael has a Master's degree in Economics from the University of Toronto, and has also completed the Chartered Financial Analyst program.

About Carlos

As an Economist with the Industrial Economics Trends group in the Forecast & Analysis division, Carlos is in charge of analysing various industries, with a focus on the energy sector. Carlos has over seven years of experience working on energy economics, natural resources, fiscal policy, and international trade issues, amongst others. He holds an MSc in Sustainable Energy Development and a BA with a double major in Economics and International Relations (with a concentration in Applied Energy Economics), both from the University of Calgary.

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