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Oilpatch convinced Pacific Link will go ahead, but less certain of timing: survey
ATB Cormark found 77% of respondents expect a positive investment decision, but 53% think construction will not start until 2028 or later.
- A recent ATB Cormark survey indicates 77 per cent of oilpatch firms expect the Pacific Link pipeline and Pathways carbon storage project will proceed.
- Prime Minister Mark Carney designated the Alberta-proposed Pacific Link a national-interest project, qualifying it for expedited federal review contingent on Pathways emission offsets.
- The survey polled 22 energy services firms, 27 exploration and production companies, and 42 institutional investors between Sept. 14 and Sept. 28.
- Despite general optimism, 53 per cent of respondents anticipate construction delays until 2028 or later, reflecting industry uncertainty regarding the project's actual start date.
- Alberta officials target a Sept. 1, 2027, construction start, while 24 per cent of surveyed respondents believe work will commence next year.
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The Toronto Star+12 Reposted by 12 other sources
Oilpatch convinced Pacific Link will go ahead, but less certain of timing: survey
CALGARY - A survey published this week by ATB Cormark suggests more than three quarters of oilpatch companies are convinced the Pacific Link pipeline to British Columbia and the Pathways
·Toronto, Canada
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Total News Sources13
Leaning Left8Leaning Right0Center2Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
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