OTTAWA — Canadian oil companies continue to face a near-record discount for their products, tingeing the political climate around the Trans Mountain pipeline just as the national energy regulator laid out plans to push ahead with the project. That price gap is the largest in more than five years, pummelling Canadian oil producers and shrinking government tax revenues. Slumping Canadian oil prices come as the National Energy Board publicized its hearings schedule for the Trans Mountain pipeline on Friday. The U.S. is essentially the only buyer of Canadian oil barrels, which has for many years forced Canadian companies to accept a steep discount for their product. coastal waters that would result from Trans Mountain, arguing it could be fatal for local southern resident killer whales.

Source: National Post October 14, 2018 21:37 UTC