PHILLIPS: The Return of Pipeline Politics

Beyond the politics, which are good for all involved, is another export pipeline a good idea? 

Key Points: 

• Pipeline battles are good politics for everyone, not just Premier Smith. The NDP government of David Eby can now make its own credible pro-development argument, unlike a decade ago. 
• Lacking a clear private sector proponent, a new pipeline faces significant barriers, and there are other major projects that should be the priority.
• There are risks to expanding pipeline capacity if production doesn't keep pace. WCS prices could revert to deeper discounts if production and demand don't keep pace with capacity.

Thus far, there has been minimal conflict around Prime Minister Carney’s push to develop projects in the national interest, so there’s almost a palpable sigh of relief that Canada can drive itself into yet another pipeline-related intellectual cul-de-sac.