‘Right now there’s cautious optimism’: Peter Tertzakian on if the new Alberta pipeline is possible

As Alberta Premier Danielle Smith proposes a new one-million-barrel-a-day oil pipeline from her province to the B.C. coast, renowned energy economist Peter Terzakian breaks down what’s actually possible, including the costs and regulatory hurdles now facing building companies and oil producers looking to lay pipe and greatly increase output. He also discusses the role the state should play. He says the oil sector is entering an era of “cautious optimism.”