Thursday , July 29 2021

Canadians hatch oil crisis as mining problem worsens – RT Business News



Sixty percent of Canadians now feel that the country's pipeline capacity has reached crisis levels, according to new research from the Angus Reed Institute.

Pipeline shipment capacity has affected Canada's oil revenues, as Canada's reference price on Western Canadian Select continues to be negotiated at an uncomfortable discount.

An astonishing 70% of all Canadians reported that the country "will face a considerable impact if no new duct capacity is built" the new survey shows. And it's not just the residents of the oil-rich Canadian province of Alberta who consider the pipeline's constraints a national crisis; Even in British Columbia, a province generally known for its strong environmental presence, 53% of residents think it is a crisis. That's low compared to the overwhelming majority – 87% – of Alberta residents who feel that way.




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The survey also reports that, in general, residents believe that the oil and gas industry is the most critical sector for the country.

Most (53 percent) of the residents surveyed support the Trans Mountain and Energy East pipelines, while 19 percent oppose both pipelines. About 61% of respondents support Trans Mountain.

As for government management of their pipeline problems, 50% of respondents feel that the federal government, led by Prime Minister Justin Trudeau, is doing very little to build new pipeline capacity, while 23% think the federal government has adopted approach. . 27 percent feel that the federal government has surpassed.




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While most provinces, with the exception of Quebec, seem to have a similar view of the pipeline crisis, there is an age-related disparity. 62 percent of respondents aged 55 and older support the two pipelines, while only 55 percent of those aged 35-54 support the two pipelines. Only 38% of the respondents between 18 and 34 support both, highlighting the division between generations.

Research indicates that favor is increasing for the much-debated Trans Mountain pipeline, with a survey of April 2018 reporting that 55 percent of respondents supported Trans Mountain. In February 2018, the same survey showed only a 49% approval rating for Trans Mountain.

This article was originally published on Oilprice.com


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