Why is the Cenovus CEO saying the West Coast pipeline is doomed?
Cenovus CEO Jon McKenzie recently said, “Neither the Pathways project nor the West Coast pipeline really make any sense."
Cenovus Energy says it will be impossible for the private sector to finance the proposed pipeline from Alberta to British Columbia’s coast under Ottawa’s current regulatory framework.
Cenovus CEO Jon McKenzie made the comments at the Global Energy Show in Calgary on Tuesday, adding that the Liberals’ industrial carbon pricing system leaves Canadian oil uncompetitive on the global market.
