February 2016, Vol. 243, No. 2


Canada’s Energy Industry, Part I: Changing Times, Shifting Opportunities

To feel the winds of change from the global crash of crude oil prices in 2015, go no farther away than Canada, the world’s fifth-largest energy-producing nation. On the verge of a transformation before the commodity price nosedive, the U.S. northern neighbor is even more unsettled as global and North American markets unravel. As a result, in late 2015 it was hard to see a clear pattern for Canada’s future energy infrastructure needs. Different pundits envision varying futures. As the first freezing temperatures were sweeping through the nation, political, as well as economic, winds were blowing hard, hitting at some major infrastructure projects, such as Enbridge’s $6.5 billion, 650-mile N

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