Canada's Pipeline Bet Goes Against the Tide | Winnipeg News

Canada’s government is betting big on a new oil pipeline — potentially costing $35 to $43 billion — with taxpayers on the hook, reversing earlier promises that oil companies would pay. Amid global climate pressures and fading oil demand, experts warn of an imminent oil glut that could slash prices and hurt Canada’s competitiveness. With major oil sands players foreign-owned and cleanup costs in the hundreds of billions looming, the question remains: who’s really benefiting from this risky gamble? Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/31b0c7e571cb0e3c