A Montana court has overturned President Trump’s approval of the Keystone XL pipeline.  This week’s podcast reviews the decision and the implications for Canadian oil markets that are facing extreme price discounts due to a lack of pipe capacity.

Next we talk about Imperial Oil’s contrarian decision to give a green light to a major new oil sands project, the first major sanction in five years.   Finally, we consider the future of oil sands financing with some European banks refusing to do business with oil sands producers.

This podcast references past ARC Energy Research Institute commentaries on Canadian oil price differentials including; Light at the End of the Pipeline and Amidst the Gloom: Positive News Headlines for Canadian Oil.