Cost and benefit analysis of a keystone pipeline

The Simon Fraser University study - commissioned by the Living Oceans Society for a National Energy Board-led review - is the latest report by opponents of the project to argue shortcomings of the pipeline that would carry bitumen from the Alberta oilsands to Burnaby for export to Asia or the U. The latest study, whose lead author is SFU resource and environmental planning professor Tom Gunton, an adviser to former NDP premier Glen Clark in the late '90s, found benefits were outweighed by costs attributed to the unnecessary investment in new pipeline capacity and environmental effects. It's a stark contrast to Kinder Morgan's assessment of the project, which argues enormous economic benefits from the project, and for which it says environmental risks, particularly from oil tankers, will be mitigated by increased tug escorts in inland waters and beefed-up spill response capacity. It is only one of several major oil pipeline projects facing stiff resistance from environmental groups and some communities and First Nations.

Cost and benefit analysis of a keystone pipeline

Furthermore, the Board regulates tolls and tariffs for the pipelines under its jurisdiction. With respect to the specific energy commodities, the Board regulates the export of natural gas, oil, natural gas liquids and electricity, and the import of natural gas.

Additionally, the Board regulates oil and natural gas exploration and development on frontier lands and offshore areas not covered by provincial or federal management agreements.

Cost and benefit analysis of a keystone pipeline

The Board periodically publishes assessments in support of its ongoing market monitoring. In this assessment, the Board assesses the economic functioning of the Canadian pipeline transportation system. It does not include a comparison with, or to, pipeline transportation systems in other jurisdictions.

In this review, the Board used publicly available data for the major NEB-regulated pipelines 3 and throughput and capacity data provided by the pipelines to June The information in this assessment is an update for the period since the assessment was last published in This assessment does not indicate whether any application filed with the Board will be approved or denied.

The Board takes decisions on specific applications based on the evidence before it at that time. If a party wishes to rely on material from this assessment in any regulatory proceeding before the Board, it may submit the material, just as it may submit any public document.

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Under these circumstances, the submitting party in effect adopts the material and could be required to answer questions about it. On an application for a licence to export oil or gas, the Board shall satisfy itself that the quantity of oil or gas to be exported does not exceed the surplus remaining after due allowance has been made for the reasonably foreseeable requirements for use in Canada, having regard to the trends in the discovery of oil or gas in Canada.

Most of this energy was shipped by pipeline from western provinces to markets in other provinces or the United States U. The Board regulates the construction and operation of pipelines by balancing and integrating all aspects of the Canadian public interest, including social, economic and environmental considerations, when making a decision or recommendation.

In support of its regulatory role, the Board actively monitors energy markets and produces neutral, independent, fact based energy information for Canadians.

Trans Mountain pipeline expansion cost to Canadians pegged at $4 billion

These products increase the transparency of Canadian energy markets and support Canadian energy literacy. This report provides information about the major pipelines regulated by the Board, and assesses the economic functioning of the pipeline transportation system. The NEB believes that well-functioning, competitive markets efficiently balance supply and demand.

Canadians depend on pipeline transportation systems to deliver natural gas, natural gas liquids, crude oil, and petroleum products across Canada. These pipelines deliver energy safely, reliably and efficiently, connecting markets in North America and the world. Structural Changes Unfolding An economically efficient pipeline transportation system effectively responds to changing market conditions.

Sinceoil and gas markets have changed dramatically.

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Technological advances made it possible to economically produce vast quantities of oil and gas from tight and shale formations in Canada and the United States.

Additionally, oil sands production has grown steadily. Existing oil pipelines are generally full, new oil pipeline projects are underway, and more oil has been moving by rail.

New sources of U. Energy markets have been responding to these changes. Some adjustments happen quickly, while other adjustments take time. Tolls increased notably on the TransCanada and Enbridge Mainlines; however, tolls on most pipelines were stable from to Pipeline companies and shippers resolved the majority of their toll and tariff issues in negotiated settlements.

The Board resolved some issues through adjudicated toll proceedings or the complaint process. Financial ratios have remained stable and credit ratings have continued to be investment grade for the Canadian pipeline sector.

Cost and benefit analysis of a keystone pipeline

Top of Page 1.Contrary to claims that the tar sands industry’s pet pipeline project would create hundreds of thousands of jobs, years of analysis have confirmed that the building the pipeline would generate. Brown v. Sage — prisoner rights — reversal — Fuentes.

Today, a divided Third Circuit panel ruled in favor of a prisoner who argued that he should have been allowed to file suits in forma pauperis because he had not accrued three prior frivolous filings under the Prison Litigation Reform Act’s three-strikes view.

In June of , The Perryman Group was asked to conduct a comprehensive economic impact analysis of the proposed Keystone XL Pipeline. In our report, available as a complementary PDF below, the impact of construction and development on business activity in affected areas was presented. The Dakota Access Pipeline (DAPL) or Bakken pipeline is a 1,mile-long (1, km) underground oil pipeline in the United States.

It begins in the Bakken shale oil fields in northwest North Dakota and continues through South Dakota and Iowa to the oil tank farm near Patoka, tranceformingnlp.comer with the Energy Transfer Crude Oil Pipeline from Patoka to Nederland, Texas, it forms the Bakken system.

By Bill McKibben. Cornell’s Global Labor Institute issued a big new report [PDF] this morning examining the proposed Keystone XL pipeline, the most comprehensive look yet at its economic impact. Exhibit____RST-3 Page 3 of 55 Expert Testimony on Changes to the Economic Costs and Benefits of the Keystone XL Pipeline for South Dakota ii.

NEB - Canadian Pipeline Transportation System - Energy Market Assessment