<<< back to article list

Keystone ‘no’ could delay $9B in investment: RBC

Blog by Brad Herman | May 28th, 2013

More than $9 billion of oil sands investment is at risk in the next seven years – of which $2.4 billion could disappear altogether – if the Keystone XL pipeline is cancelled or further delayed, says a report from RBC Dominion Securities.

The report, released Monday, builds on an earlier RBC analysis that warned that as much as a third of oil sands growth, or 450,000 barrels a day, could be put on hold between 2015 and 2017 if TransCanada Corp.’s Keystone XL pipeline is not approved by U.S. President Barack Obama.