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Trudeau’s Reforms Won’t Break Pipeline Logjam, Oil Groups Warn

September 29, 2020 by

The bottom has fallen out of Canadian heavy crude prices, with their discount relative to the U.S. benchmark near a record amid a supply glut and persistent transport constraints. Trudeau’s government, meanwhile, is both trying to complete a pipeline expansion project it bought this spring and pass a series of legislative reforms on the approval process for major projects.

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