CAPP releases statement following CN Rail strike

November 19, 2019 – Calgary, Alberta

CAPP has issued the following statement in response to the announcement of the CN Rail strike on Tuesday, November 19:

“The oil industry is concerned about any developments that can negatively impact the availability of rail capacity, particularly in light of the current shortage of available pipeline capacity relative to oil production in western Canada. We will be monitoring such developments carefully to assess their potential impacts on Canada’s global competitiveness. All modes of crude oil transportation capacity are needed to ensure Canadian crude oil producers have sufficient market access to serve the needs of Canadians as well as to access new, growing markets around the world. We live in a world that increasingly needs more energy as population levels rise and developing countries seek to increase living standards. According to the International Energy Agency, global primary energy demand is expected to increase 24% by 2040, and Canada can be a supplier of choice in providing responsibly produced energy to meet this growing need.”

– Ben Brunnen, Vice-President of oil sands, fiscal and economic policy, CAPP

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