CBC News. The Conference Board of Canada says uncertainty over new pipeline projects poses a threat to Canadian companies that provide services to oil and gas producers.
The Ottawa-based think-tank predicts the sector’s real economic output this year will drop slightly by $60 million, or half a per cent, to $11.55 billion. It says some of that is due to a lingering weakness in natural gas prices and a levelling off in conventional oil drilling. The board says the "bigger threat" is the lack of pipeline capacity, as environmental opposition and political wrangling throws the fates of projects such as Keystone XL into question.
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