1. Surging oil supply in the U.S. makes Canadian tar sands extraction less attractive.
2. From what I understand, tar sands operations have never returned to their peak since the devastation of the Fort McMurray wildfires in 2016.
3. The Canadian government DID approve the Enbridge pipeline project between Alberta and Wisconsin within the last year or two -- for whatever that's worth.
4. The oil won't stop flowing as long as the demand is there. If pipeline projects are being canceled, then buy CP Rail and Canadian National Railways stock!
Oil companies build towards the future. They know that low oil prices are not forever and they will lock in contracts when the prices are low.
The Canadian government also approved Kinder Morgan, but then went into musical chairs with the BC and Alberta NDP to keep throwing up regulatory blocks to keep the pipeline from being built.
It’s just the globalists wanting to own the oil. When they succeed in owning the oil, miracles will then happen and we’ll have approval for a thousand pipelines. It’s how the liberals have always worked it. They’ve only been part of the globalist scheme since Trudeau Sr was Prime Minister.