Prospects Advance for Canada's Oil Pipelines, Challenges Still Remain
WINNIPEG, Manitoba (Reuters) — Prospects for expanding pipelines to move Canadian oil to markets have brightened, but plenty of hurdles remain for the Canadian sector, which has struggled for years with low prices and a glut in storage due to long project delays. Two of three major proposals - TC Energy Corp’s Keystone XL and the Canadian government-owned Trans Mountain - have cleared obstacles to bring them closer to fruition. The third, Enbridge Inc’s Line 3 replacement, faces a new round of hearings in Minnesota to weigh its environmental risks. Canada is one of the world’s largest producers of oil, with output of roughly 4.7 million bpd. But it has been unable to take full advantag
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